Is 22645, 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, 22645 has remained a Buyer's Market.
Key Takeaway
22645 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 22645, VA
How much do homes in 22645, VA cost?
Median Sold Price
$390,750
$203/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in 22645 have sold for 24.9% less than they did a month ago.
Summary: The median home sold price in 22645 was $390,750 in March 2024, down 24.9% from last month, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $241.5K | N/A |
| 3 Bedrooms | - | $200K | N/A |
| 4 Bedrooms | $520K | $594.9K | +14.4% |
| 5+ Bedrooms | - | - | N/A |
Summary: 22645 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 did not change, 4 bedroom homes increased by 14.4%, and 5+ bedroom homes did not change.
Housing Supply in 22645, VA
How many homes are available in 22645, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 30 | 33 | +10.0% |
Summary: The 22645 real estate market had 33 homes for sale in March 2024, a 10.0% 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 | 4 | 5 | +25.0% |
| 3 Bedrooms | 8 | 11 | +37.5% |
| 4 Bedrooms | 14 | 13 | -7.1% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 22645 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 25%, 3 bedroom homes increased by 37.5%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22645, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 22645 in March 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 22645, VA
How long does it take to sell a home in 22645, VA?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 110 Days | 47 Days | -57.5% |
Summary: Homes in 22645 had an average of 47 days on market in Mar 2024, down by 57.5% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 22645 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in 22645; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
