Is 22551, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 22551 was a Buyer's Market.
Housing Prices in 22551, VA
How much do homes in 22551, VA cost?
Median Sold Price
$470,000
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 22551 was $470,000 in March 2024, up 13.3% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $210K | $250K | +19.0% |
2 Bedrooms | $270K | $295K | +9.3% |
3 Bedrooms | $342.5K | $391K | +14.2% |
4 Bedrooms | $481K | $567.4K | +18.0% |
5+ Bedrooms | $722K | $852.5K | +18.1% |
Summary: 22551 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19%, 2 bedroom homes increased by 9.3%, 3 bedroom homes increased by 14.2%, 4 bedroom homes increased by 18%, and 5+ bedroom homes increased by 18.1%.
Housing Supply in 22551, VA
How many homes are available in 22551, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
166 | 194 | +16.9% |
Summary: The 22551 real estate market had 194 homes for sale in March 2024, a 16.9% 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 | 1 | 2 | +100.0% |
3 Bedrooms | 61 | 68 | +11.5% |
4 Bedrooms | 66 | 77 | +16.7% |
5+ Bedrooms | 38 | 47 | +23.7% |
Summary: The 22551 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 100%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 23.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 36 | +80.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in 22551 in March 2024, up by 80.0% month-over-month. Of the 36 sold homes, 31% were sold under asking, 33% were sold at asking, and 36% were sold over asking.
Days on Market for 22551, VA
How long does it take to sell a home in 22551, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
30 Days | 31 Days | +3.3% |
Summary: Homes in 22551 had an average of 31 days on market in Mar 2024, up by 3.3% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 36 homes were sold in 22551; 61% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.