Is 22664, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 22664 has remained a Seller's Market.
Key Takeaway
22664 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 22664, VA
How much do homes in 22664, VA cost?
Median Sold Price
$322,500
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 22664 have sold for 23.9% more than they did a year ago.
Summary: The median home sold price in 22664 was $322,500 in April 2024, up 23.9% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $162.5K | $189K | +16.3% |
| 3 Bedrooms | $292.5K | $339.9K | +16.2% |
| 4 Bedrooms | $351.5K | $350K | -0.4% |
| 5+ Bedrooms | $415K | $472.5K | +13.9% |
Summary: 22664 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.3%, 3 bedroom homes increased by 16.2%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes increased by 13.9%.
Median Sold Price Compared To Nearby Zip Codes
| 22664 | $260.2K | $322.5K | +23.9% |
| 22824 | $291K | $299.9K | +3.1% |
Housing Supply in 22664, VA
How many homes are available in 22664, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 41 | 37 | -9.8% |
Summary: The 22664 real estate market had 37 homes for sale in April 2024, a 9.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 23 | 19 | -17.4% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 22664 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 17.4%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 11 | -26.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22664, expect to pay close to the asking price. 36.4% of homes here sold near the asking price last month.
Summary: A total of 11 homes were sold or pending in 22664 in April 2024, down by 26.7% month-over-month. Of the 11 sold homes, 27% were sold under asking, 36% were sold at asking, and 36% were sold over asking.
Days on Market for 22664, VA
How long does it take to sell a home in 22664, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 7 Days | 68 Days | +788.0% |
Summary: Homes in 22664 had an average of 68 days on market in Apr 2024, up by 788% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 22664 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 11 homes were sold in 22664; 36% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
