Is 22578, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 22578 is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, 22578 has remained a Seller's Market.

Key Takeaway

22578 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 22578, VA cost?

Median Sold Price

$468,500

$227/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$6,000(+1.3%)

Key Takeaway

Homes in 22578 have sold for 1.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 -$789K
N/A
2 $251.2K$258.5K
+2.9%
3 $470K$465K
-1.1%
4 $629K$770K
+22.4%
5+ $3.1M$1.8M
-39.5%

Median Sold Price Compared To Nearby Zip Codes

22482
+15.7%
22578
+1.3%

How many homes are available in 22578, VA?

Number of Homes For Sale

Nov 2021Dec 2021%
2016-20.0%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 41
-75.0%
3 97
-22.2%
4 66
0.0%
5+ 12
+100.0%

Number of Homes Sold

Nov 2021Dec 2021%
56+20.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 22578, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Dec 2020Dec 2021%
105 Days22 Days-78.3%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 22578 are selling fast, if you're buying plan to act quickly.

About 22578, VA

Homes for sale in 22578, VA have reached 16. In December 2021 in 22578, VA there were 20% less homes for sale than in November 2021. While the average time on the market in December 2021 was 22 days, the median list price was $468,500. From November 2021 through December 2021, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went up by 2.9%, 3 bedrooms properties prices decreased by 1.1%, prices of 4 bedrooms properties increased by 22.4%, prices of 5 bedrooms properties went down by 39.5%. Housing inventory have changed in this real estate market: number of 1 bedroom homes remained the same, number of 2 bedrooms homes decreased by 75%, 3 bedrooms homes inventory decreased by 22.2%, 4 bedrooms homes did not move, volume of 5 bedrooms homes went up by 100%. In December 2021 more than 2 listings in 22578, VA were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 3 were sold below.