Is 22851, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 22851 was a Seller's Market.
Housing Prices in 22851, VA
How much do homes in 22851, VA cost?
Median Sold Price
$292,900
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 22851 was $292,900 in March 2024, up 8.5% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $176K | N/A |
2 Bedrooms | $135.5K | $252K | +86.0% |
3 Bedrooms | $350K | $300K | -14.3% |
4 Bedrooms | $220K | $282K | +28.2% |
5+ Bedrooms | - | $507.5K | N/A |
Summary: 22851 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 86%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 28.2%, and 5+ bedroom homes did not change.
Housing Supply in 22851, VA
How many homes are available in 22851, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
32 | 32 | 0.0% |
Summary: The 22851 real estate market had 32 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 18 | 20 | +11.1% |
4 Bedrooms | 8 | 7 | -12.5% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 22851 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 2 | -60.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in 22851 in March 2024, down by 60.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for 22851, VA
How long does it take to sell a home in 22851, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
31 Days | 222 Days | +608.5% |
Summary: Homes in 22851 had an average of 222 days on market in Mar 2024, up by 608.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 2 homes were sold in 22851; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.