Is 22601, 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, 22601 was a Seller's Market.
Housing Prices in 22601, VA
How much do homes in 22601, VA cost?
Median Sold Price
$349,912
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 22601 was $349,912 in March 2024, up 9.9% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $240.2K | $242.4K | +0.9% |
2 Bedrooms | $248K | $260K | +4.8% |
3 Bedrooms | $294.5K | $317K | +7.6% |
4 Bedrooms | $420K | $469.9K | +11.9% |
5+ Bedrooms | $569.9K | $517.5K | -9.2% |
Summary: 22601 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.9%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes decreased by 9.2%.
Housing Supply in 22601, VA
How many homes are available in 22601, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
152 | 166 | +9.2% |
Summary: The 22601 real estate market had 166 homes for sale in March 2024, a 9.2% 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 | 18 | 24 | +33.3% |
3 Bedrooms | 71 | 77 | +8.5% |
4 Bedrooms | 41 | 43 | +4.9% |
5+ Bedrooms | 21 | 21 | 0.0% |
Summary: The 22601 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 33.3%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
25 | 22 | -12.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in 22601 in March 2024, down by 12.0% month-over-month. Of the 22 sold homes, 32% were sold under asking, 45% were sold at asking, and 23% were sold over asking.
Days on Market for 22601, VA
How long does it take to sell a home in 22601, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
38 Days | 28 Days | -24.2% |
Summary: Homes in 22601 had an average of 28 days on market in Mar 2024, down by 24.2% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 22 homes were sold in 22601; 68% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.