Is 22657, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 22657 is a neutral's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 22657 was a Seller's Market.

Key Takeaway

22657 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

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

+$8,577(+2.9%)

Key Takeaway

Homes in 22657 have sold for 2.9% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 -$129.9K
N/A
2 $217K$232K
+6.9%
3 $298.6K$303K
+1.4%
4 $325K$360K
+10.8%
5+ $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
+5.8%
22657
+2.9%

Housing Supply in 22657, VA

How many homes are available in 22657, VA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
6372+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

# BEDSJan 2024Feb 2024CHANGE
1 33
0.0%
2 1212
0.0%
3 3138
+22.6%
4 1314
+7.7%
5+ 45
+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 2024Feb 2024CHANGE
712+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 22657, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

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 2023Feb 2024CHANGE
37 Days39 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in 22657 are selling fast, if you're buying plan to act quickly.

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.

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 22657, VA

Nearby Markets to 22657, VA