Is 22503, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 22503 is a neutral's market

Buyer's
Market

Difference Since December 2020

At the same time last year, 22503 was a Seller's Market.

Key Takeaway

22503 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in 22503, VA cost?

Median Sold Price

$412,500

$198/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

-$250(-0.1%)

Key Takeaway

The sold price of homes in 22503 has remained the same since last year.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 -$114.5K
N/A
2 $185K$236K
+27.6%
3 $392K$420.7K
+7.3%
4 $615K$442K
-28.1%
5+ $750K$850K
+13.3%

Median Sold Price Compared To Nearby Zip Codes

23180
+46.5%
22473
+35.4%
22482
+15.7%
22503
-0.1%

How many homes are available in 22503, VA?

Number of Homes For Sale

Nov 2021Dec 2021%
2625-3.8%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 02
+100.0%
2 00
0.0%
3 1918
-5.3%
4 52
-60.0%
5+ 23
+50.0%

Number of Homes Sold

Nov 2021Dec 2021%
54-20.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 22503, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Average Sale Time

Dec 2020Dec 2021%
102 Days51 Days-49.6%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 22503 are selling fast, if you're buying plan to act quickly.

About 22503, VA

There are 25 homes are for sale in 22503, VA real estate market. The inventory of homes for sale in 22503, VA between November 2021 and December 2021 decreased by 3.8%. In December 2021 median list price was $412,500 and the average listing age was 51 days. This housing market listing prices have changed between November 2021 and December 2021: 1 bedroom properties prices increased by 0%, 2 bedrooms properties became 27.6% more expensive, 3 bedrooms properties prices increased by 7.3%, 4 bedrooms properties prices decreased by 28.1%, the cost of 5 bedrooms properties went up by 13.3%. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes went up by 100%, number of 2 bedrooms homes remained the same, volume of 3 bedrooms homes went down by 5.3%, volume of 4 bedrooms homes went down by 60%, 5 bedrooms homes became 50% more available. In December 2021, from all listings sold in 22503, VA there were more than 1 sold above asking price, over 2 sold below and more than 0 were sold right at the asked price.