Is 22735, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 22735 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 22735 was a Seller's Market.

Key Takeaway

22735 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 22735, VA

How much do homes in 22735, VA cost?

Median Sold Price

$299,900

$304/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

-$190,000(-38.8%)

Key Takeaway

Homes in 22735 have sold for 38.8% less than they did a month ago.

Summary: The median home sold price in 22735 was $299,900 in September 2024, down 38.8% from last month, and the median price per square foot was $304.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 --
N/A
3 $489.9K$299.9K
-38.8%
4 --
N/A
5+ --
N/A

Summary: 22735 housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 38.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 22735, VA

How many homes are available in 22735, VA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1413-7.1%

Summary: The 22735 real estate market had 13 homes for sale in September 2024, a 7.1% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1210
-16.7%
4 22
0.0%
5+ 01
+100.0%

Summary: The 22735 housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 22735, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in 22735 in September 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 22735, VA

How long does it take to sell a home in 22735, VA?

Average Sale Time

Aug 2024Sep 2024CHANGE
63 Days7 Days-88.9%

Summary: Homes in 22735 had an average of 7 days on market in Sep 2024, down by 88.9% compared to last month.

Breakdown of Home Sale Times

1 Home Was 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 22735 are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 1 homes were sold in 22735; 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 11 Days Ago

Newest Listings in 22735, VA

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