Is 22902, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 22902 has remained a Seller's Market.
Key Takeaway
22902 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 22902, VA
How much do homes in 22902, VA cost?
Median Sold Price
$450,500
$288/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in 22902 have sold for 12.7% less than they did a month ago.
Summary: The median home sold price in 22902 was $450,500 in March 2024, down 12.7% from last month, and the median price per square foot was $288.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $381K | $290K | -23.9% |
| 2 Bedrooms | $837.5K | $250K | -70.1% |
| 3 Bedrooms | $585K | $403K | -31.1% |
| 4 Bedrooms | $395K | $722.5K | +82.9% |
| 5+ Bedrooms | - | $645K | N/A |
Summary: 22902 housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 23.9%, 2 bedroom homes decreased by 70.1%, 3 bedroom homes decreased by 31.1%, 4 bedroom homes increased by 82.9%, and 5+ bedroom homes did not change.
Housing Supply in 22902, VA
How many homes are available in 22902, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 104 | 114 | +9.6% |
Summary: The 22902 real estate market had 114 homes for sale in March 2024, a 9.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 6 | -14.3% |
| 2 Bedrooms | 18 | 23 | +27.8% |
| 3 Bedrooms | 40 | 50 | +25.0% |
| 4 Bedrooms | 32 | 26 | -18.8% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The 22902 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 27.8%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 18.8%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 20 | +5.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22902, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in 22902 in March 2024, up by 5.3% month-over-month. Of the 20 sold homes, 40% were sold under asking, 25% were sold at asking, and 35% were sold over asking.
Days on Market for 22902, VA
How long does it take to sell a home in 22902, VA?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 36 Days | 30 Days | -16.2% |
Summary: Homes in 22902 had an average of 30 days on market in Mar 2024, down by 16.2% compared to last month.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 22902 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 20 homes were sold in 22902; 70% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
