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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 22503 is a seller's market

Buyer's
Market

Difference Since March 2023

At the same time last year, 22503 was a Neutral Market.

Key Takeaway

22503 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 22503, VA

How much do homes in 22503, VA cost?

Median Sold Price

$500,000

$195/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$75,000(+17.6%)

Key Takeaway

Homes in 22503 have sold for 17.6% more than they did a year ago.

Summary: The median home sold price in 22503 was $500,000 in March 2024, up 17.6% from last year, and the median price per square foot was $195.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $278.5K$110K
-60.5%
2 $207.3K$150K
-27.7%
3 $442.7K$531K
+19.9%
4 $600K$695K
+15.8%
5+ $1.0M$1.1M
+3.0%

Summary: 22503 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 60.5%, 2 bedroom homes decreased by 27.7%, 3 bedroom homes increased by 19.9%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 3%.

Median Sold Price Compared To Nearby Zip Codes

22576
+20.0%
22503
+17.6%
22473
+10.2%

Housing Supply in 22503, VA

How many homes are available in 22503, VA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3733-10.8%

Summary: The 22503 real estate market had 33 homes for sale in March 2024, a 10.8% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 55
0.0%
3 2116
-23.8%
4 1012
+20.0%
5+ 10
-100.0%

Summary: The 22503 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 remained the same, 3 bedroom homes decreased by 23.8%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
660.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was 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.

Summary: A total of 6 homes were sold or pending in 22503 in March 2024, the same as the previous month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.

Days on Market for 22503, VA

How long does it take to sell a home in 22503, VA?

Average Sale Time

Mar 2023Mar 2024CHANGE
92 Days51 Days-43.9%

Summary: Homes in 22503 had an average of 51 days on market in Mar 2024, down by 43.9% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were 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.

Summary: During March 2024, 6 homes were sold in 22503; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

Newest Listings in 22503, VA

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