Is 22551, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 22551 is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, 22551 was a Seller's Market.

Key Takeaway

22551 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 22551, VA cost?

Median Sold Price

$300,000

$229/sqft

Based on all homes sold in December 2021.

Difference Since Last Month

-$42,500(-12.4%)

Key Takeaway

Homes in 22551 have sold for 12.4% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Dec 2021%
1 $154.9K-
N/A
2 $224.9K-
N/A
3 $262.5K$279.4K
+6.5%
4 $389.9K$479.9K
+23.1%
5+ $765K-
N/A

Median Sold Price Compared To Nearby Zip Codes

22508
-0.1%
22551
-12.4%
22534
-22.9%

How many homes are available in 22551, VA?

Number of Homes For Sale

Nov 2021Dec 2021%
6676+15.2%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 10
-100.0%
2 33
0.0%
3 2935
+20.7%
4 1926
+36.8%
5+ 1412
-14.3%

Number of Homes Sold

Nov 2021Dec 2021%
1611-31.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 22551, expect to pay close to the asking price. 54.5% of homes here sold near the asking price last month.

Average Sale Time

Nov 2021Dec 2021%
26 Days18 Days-30.4%

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 22551 are selling fast, if you're buying plan to act quickly.

About 22551, VA

Homes for sale in 22551, VA have reached 76. The number of homes for sale in 22551, VA increased by 15.2% between November 2021 and December 2021. Listings spent 18 days on the market in December 2021, and had a median list price of $300,000 during the same period. Listing prices have changed in this real estate market between December 2020 and December 2021: 1 bedroom properties became 0% more expensive, the cost of 2 bedrooms properties went up by 0%, prices of 3 bedrooms properties went up by 6.5%, 4 bedrooms properties prices increased by 23.1%, prices of 5 bedrooms properties went up by 0%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes became 100% less available, 2 bedrooms homes inventory did not change, the quantity of 3 bedrooms homes went up by 20.7%, volume of 4 bedrooms homes went up by 36.8%, the quantity of 5 bedrooms homes went down by 14.3%. In December 2021, from all listings sold in 22551, VA there were more than 3 sold above asking price, over 2 sold below and more than 6 were sold right at the asked price.