Is 22554, 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, 22554 was a Seller's Market.
Housing Prices in 22554, VA
How much do homes in 22554, VA cost?
Median Sold Price
$524,965
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 22554 was $524,965 in March 2024, up 2.9% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $137.5K | $182.5K | +32.7% |
2 Bedrooms | $284.5K | $320K | +12.5% |
3 Bedrooms | $395K | $424.9K | +7.6% |
4 Bedrooms | $529.8K | $537.4K | +1.4% |
5+ Bedrooms | $603.5K | $638.3K | +5.8% |
Summary: 22554 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32.7%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 5.8%.
Housing Supply in 22554, VA
How many homes are available in 22554, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
288 | 340 | +18.1% |
Summary: The 22554 real estate market had 340 homes for sale in March 2024, a 18.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 2 | 4 | +100.0% |
3 Bedrooms | 62 | 83 | +33.9% |
4 Bedrooms | 114 | 132 | +15.8% |
5+ Bedrooms | 108 | 119 | +10.2% |
Summary: The 22554 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 33.9%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 10.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
40 | 33 | -17.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in 22554 in March 2024, down by 17.5% month-over-month. Of the 33 sold homes, 12% were sold under asking, 21% were sold at asking, and 67% were sold over asking.
Days on Market for 22554, VA
How long does it take to sell a home in 22554, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
36 Days | 12 Days | -65.6% |
Summary: Homes in 22554 had an average of 12 days on market in Mar 2024, down by 65.6% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 33 homes were sold in 22554; 88% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.