Is 22482, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 22482 was a Buyer's Market.
Key Takeaway
22482 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 22482, VA
How much do homes in 22482, VA cost?
Median Sold Price
$310,000
$174/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in 22482 have sold for 32.2% less than they did a month ago.
Summary: The median home sold price in 22482 was $310,000 in March 2024, down 32.2% from last month, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $320K | $310K | -3.1% |
| 4 Bedrooms | $595K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 22482 housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 3.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 22578 | $215K | $537.5K | +150.0% |
| 22482 | $457.5K | $310K | -32.2% |
Housing Supply in 22482, VA
How many homes are available in 22482, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 48 | 54 | +12.5% |
Summary: The 22482 real estate market had 54 homes for sale in March 2024, a 12.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 28 | 31 | +10.7% |
| 4 Bedrooms | 14 | 15 | +7.1% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 22482 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 33.3%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 12 | +500.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22482, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.
Summary: A total of 12 homes were sold or pending in 22482 in March 2024, up by 500.0% month-over-month. Of the 7 sold homes, 14% were sold under asking, 57% were sold at asking, and 29% were sold over asking.
Days on Market for 22482, VA
How long does it take to sell a home in 22482, VA?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 113 Days | 14 Days | -87.1% |
Summary: Homes in 22482 had an average of 14 days on market in Mar 2024, down by 87.1% compared to last month.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 22482 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 12 homes were sold in 22482; 92% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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