Is 22701, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 22701 is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, 22701 has remained a Seller's Market.

Key Takeaway

22701 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 22701, VA cost?

Median Sold Price

$373,500

$173/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$61,550(+19.7%)

Key Takeaway

Homes in 22701 have sold for 19.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 --
N/A
2 $236.5K$225K
-4.9%
3 $269K$325K
+20.8%
4 $380K$423.5K
+11.4%
5+ $473K$455K
-3.8%

How many homes are available in 22701, VA?

Number of Homes For Sale

Nov 2021Dec 2021%
5864+10.3%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 43
-25.0%
3 2836
+28.6%
4 2322
-4.3%
5+ 33
0.0%

Number of Homes Sold

Nov 2021Dec 2021%
1318+38.5%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 22701, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Average Sale Time

Dec 2020Dec 2021%
38 Days12 Days-68.0%

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 22701 are selling fast, if you're buying plan to act quickly.

About 22701, VA

Homes for sale in 22701, VA have reached 64. Between November 2021 and December 2021, 22701, VA real estate market has seen increase in the number of listings by 10.3%. While the average time on the market in December 2021 was 12 days, the median list price was $373,500. Between November 2021 and December 2021, listing prices of homes in this real estate market have seen the following changes: the cost of 1 bedroom properties went up by 0%, 2 bedrooms properties prices decreased by 4.9%, 3 bedrooms properties prices increased by 20.8%, 4 bedrooms properties became 11.4% more expensive, 5 bedrooms properties prices decreased by 3.8%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory did not change, 2 bedrooms homes became 25% less available, 3 bedrooms homes inventory increased by 28.6%, number of 4 bedrooms homes decreased by 4.3%, number of 5 bedrooms homes remained the same. 22701, VA housing market in December 2021 saw over 12 listings sold above listed price, more than 3 sold at listed price and over 3 sold below.