Is 22602, 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, 22602 was a Seller's Market.
Housing Prices in 22602, VA
How much do homes in 22602, VA cost?
Median Sold Price
$373,471
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 22602 was $373,471 in March 2024, up 3.7% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $130K | $138K | +6.2% |
2 Bedrooms | $220K | $255K | +15.9% |
3 Bedrooms | $343.7K | $349.9K | +1.8% |
4 Bedrooms | $417.5K | $477.8K | +14.4% |
5+ Bedrooms | $578.7K | $676.9K | +17.0% |
Summary: 22602 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.2%, 2 bedroom homes increased by 15.9%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 14.4%, and 5+ bedroom homes increased by 17%.
Housing Supply in 22602, VA
How many homes are available in 22602, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
207 | 229 | +10.6% |
Summary: The 22602 real estate market had 229 homes for sale in March 2024, a 10.6% 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 | 26 | 27 | +3.8% |
3 Bedrooms | 101 | 106 | +5.0% |
4 Bedrooms | 59 | 71 | +20.3% |
5+ Bedrooms | 21 | 25 | +19.0% |
Summary: The 22602 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 3.8%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 20.3%, and 5+ bedroom homes increased by 19%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
25 | 32 | +28.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in 22602 in March 2024, up by 28.0% month-over-month. Of the 32 sold homes, 44% were sold under asking, 28% were sold at asking, and 28% were sold over asking.
Days on Market for 22602, VA
How long does it take to sell a home in 22602, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
55 Days | 42 Days | -23.8% |
Summary: Homes in 22602 had an average of 42 days on market in Mar 2024, down by 23.8% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 32 homes were sold in 22602; 66% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.