Is 22572, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 22572 has remained a Buyer's Market.
Key Takeaway
22572 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 22572, VA
How much do homes in 22572, VA cost?
Median Sold Price
$440,000
$227/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in 22572 have sold for 66% more than they did a month ago.
Summary: The median home sold price in 22572 was $440,000 in March 2024, up 66% from last month, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $247K | $440K | +78.1% |
| 4 Bedrooms | $295K | $760K | +157.6% |
| 5+ Bedrooms | - | - | N/A |
Summary: 22572 housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 78.1%, 4 bedroom homes increased by 157.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 22572 | $265K | $440K | +66.0% |
| 22435 | $342.5K | $325K | -5.1% |
Housing Supply in 22572, VA
How many homes are available in 22572, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 40 | 45 | +12.5% |
Summary: The 22572 real estate market had 45 homes for sale in March 2024, a 12.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 6 | +100.0% |
| 3 Bedrooms | 25 | 27 | +8.0% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 22572 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 8%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22572, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 22572 in March 2024, the same as the previous month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 22572, VA
How long does it take to sell a home in 22572, VA?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 42 Days | 15 Days | -63.0% |
Summary: Homes in 22572 had an average of 15 days on market in Mar 2024, down by 63% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 22572 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in 22572; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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