Is 22630, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 22630 is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 22630 was a Neutral Market.

Key Takeaway

22630 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 22630, VA

How much do homes in 22630, VA cost?

Median Sold Price

$359,900

$215/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$30,950(+9.4%)

Key Takeaway

Homes in 22630 have sold for 9.4% more than they did a year ago.

Summary: The median home sold price in 22630 was $359,900 in February 2024, up 9.4% from last year, and the median price per square foot was $215.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $138.5K$182.5K
+31.8%
2 $240K$260K
+8.3%
3 $345K$359.9K
+4.3%
4 $365.5K$423K
+15.7%
5+ $435K$417K
-4.1%

Summary: 22630 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.8%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 15.7%, and 5+ bedroom homes decreased by 4.1%.

Median Sold Price Compared To Nearby Zip Codes

22642
+13.3%
22630
+9.4%
22645
+5.8%
22663
+1.9%

Housing Supply in 22630, VA

How many homes are available in 22630, VA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
199222+11.6%

Summary: The 22630 real estate market had 222 homes for sale in February 2024, a 11.6% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 32
-33.3%
2 2226
+18.2%
3 110113
+2.7%
4 5165
+27.5%
5+ 1316
+23.1%

Summary: The 22630 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 27.5%, and 5+ bedroom homes increased by 23.1%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2325+8.7%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 22630, you may be able to get a good deal. 56% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in 22630 in February 2024, up by 8.7% month-over-month. Of the 25 sold homes, 56% were sold under asking, 28% were sold at asking, and 16% were sold over asking.

Days on Market for 22630, VA

How long does it take to sell a home in 22630, VA?

Average Sale Time

Feb 2023Feb 2024CHANGE
36 Days56 Days+55.4%

Summary: Homes in 22630 had an average of 56 days on market in Feb 2024, up by 55.4% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 22630 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 25 homes were sold in 22630; 40% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in 22630, VA

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