Is 22657, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, 22657 was a Seller's Market.
Housing Prices in 22657, VA
How much do homes in 22657, VA cost?
Median Sold Price
$305,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 22657 was $305,000 in February 2024, up 2.9% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $129.9K | N/A |
2 Bedrooms | $217K | $232K | +6.9% |
3 Bedrooms | $298.6K | $303K | +1.4% |
4 Bedrooms | $325K | $360K | +10.8% |
5+ Bedrooms | $515K | $770K | +49.5% |
Summary: 22657 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 49.5%.
Median Sold Price Compared To Nearby Zip Codes
22645 | $515K | $544.9K | +5.8% |
22657 | $296.4K | $305K | +2.9% |
Housing Supply in 22657, VA
How many homes are available in 22657, VA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
63 | 72 | +14.3% |
Summary: The 22657 real estate market had 72 homes for sale in February 2024, a 14.3% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 12 | 12 | 0.0% |
3 Bedrooms | 31 | 38 | +22.6% |
4 Bedrooms | 13 | 14 | +7.7% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 22657 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 22.6%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
7 | 12 | +71.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in 22657 in February 2024, up by 71.4% month-over-month. Of the 12 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% were sold over asking.
Days on Market for 22657, VA
How long does it take to sell a home in 22657, VA?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
37 Days | 39 Days | +4.0% |
Summary: Homes in 22657 had an average of 39 days on market in Feb 2024, up by 4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During February 2024, 12 homes were sold in 22657; 42% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.