Is 22712, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 22712 is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 22712 was a Seller's Market.

Key Takeaway

22712 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 22712, VA

How much do homes in 22712, VA cost?

Median Sold Price

$475,000

$209/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$65,000(+15.9%)

Key Takeaway

Homes in 22712 have sold for 15.9% more than they did a year ago.

Summary: The median home sold price in 22712 was $475,000 in February 2024, up 15.9% from last year, and the median price per square foot was $209.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $200K$207.5K
+3.8%
3 $415K$387.2K
-6.7%
4 $473K$536K
+13.3%
5+ $502.5K$565K
+12.4%

Summary: 22712 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 3.8%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 12.4%.

Median Sold Price Compared To Nearby Zip Codes

22712
+15.9%
22734
+1.8%

Housing Supply in 22712, VA

How many homes are available in 22712, VA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
4544-2.2%

Summary: The 22712 real estate market had 44 homes for sale in February 2024, a 2.2% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 65
-16.7%
3 2017
-15.0%
4 1316
+23.1%
5+ 55
0.0%

Summary: The 22712 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 decreased by 16.7%, 3 bedroom homes decreased by 15%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
106-40.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 22712, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 22712 in February 2024, down by 40.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 22712, VA

How long does it take to sell a home in 22712, VA?

Average Sale Time

Feb 2023Feb 2024CHANGE
29 Days16 Days-43.3%

Summary: Homes in 22712 had an average of 16 days on market in Feb 2024, down by 43.3% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 22712 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 6 homes were sold in 22712; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 28 Days Ago

Newest Listings in 22712, VA

Nearby Markets to 22712, VA