Is 22443, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 22443 has remained a Buyer's Market.
Key Takeaway
22443 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 22443, VA
How much do homes in 22443, VA cost?
Median Sold Price
$307,300
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 22443 have sold for 6% more than they did a year ago.
Summary: The median home sold price in 22443 was $307,300 in March 2024, up 6% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $239.9K | $230K | -4.2% |
| 2 Bedrooms | $240K | $265K | +10.4% |
| 3 Bedrooms | $289.9K | $300K | +3.5% |
| 4 Bedrooms | $372.5K | $384.9K | +3.3% |
| 5+ Bedrooms | $1.3M | $409.9K | -68.7% |
Summary: 22443 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.2%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes decreased by 68.7%.
Median Sold Price Compared To Nearby Zip Codes
| 22443 | $289.9K | $307.3K | +6.0% |
| 22520 | $279K | $295K | +5.7% |
Housing Supply in 22443, VA
How many homes are available in 22443, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 202 | 221 | +9.4% |
Summary: The 22443 real estate market had 221 homes for sale in March 2024, a 9.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 22 | 29 | +31.8% |
| 3 Bedrooms | 133 | 138 | +3.8% |
| 4 Bedrooms | 38 | 44 | +15.8% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The 22443 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 31.8%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 14 | +16.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22443, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in 22443 in March 2024, up by 16.7% month-over-month. Of the 14 sold homes, 43% were sold under asking, 36% were sold at asking, and 21% were sold over asking.
Days on Market for 22443, VA
How long does it take to sell a home in 22443, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 34 Days | 46 Days | +35.6% |
Summary: Homes in 22443 had an average of 46 days on market in Mar 2024, up by 35.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 22443 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 14 homes were sold in 22443; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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