Is 22712, 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, 22712 was a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $200K | $207.5K | +3.8% |
3 Bedrooms | $415K | $387.2K | -6.7% |
4 Bedrooms | $473K | $536K | +13.3% |
5+ Bedrooms | $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 | $410K | $475K | +15.9% |
22734 | $407.5K | $415K | +1.8% |
Housing Supply in 22712, VA
How many homes are available in 22712, VA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
45 | 44 | -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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 6 | 5 | -16.7% |
3 Bedrooms | 20 | 17 | -15.0% |
4 Bedrooms | 13 | 16 | +23.1% |
5+ Bedrooms | 5 | 5 | 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 2024 | Feb 2024 | CHANGE |
---|---|---|
10 | 6 | -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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
29 Days | 16 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
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.