Is 22902, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 22902 is a 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.

How much do homes in 22902, VA cost?

Median Sold Price

$440,000

$234/sqft

Based on all homes sold in December 2021.

Difference Since Last Month

+$2,500(+0.6%)

Key Takeaway

Homes in 22902 have sold for 0.6% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Dec 2021%
1 --
N/A
2 -$507.5K
N/A
3 $355K$320K
-9.9%
4 $450K$492K
+9.3%
5+ $499.9K$510.5K
+2.1%

Median Sold Price Compared To Nearby Zip Codes

22901
+22.0%
22911
+3.1%
22902
+0.6%
22903
-23.1%

How many homes are available in 22902, VA?

Number of Homes For Sale

Nov 2021Dec 2021%
5446-14.8%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 55
0.0%
3 2724
-11.1%
4 1512
-20.0%
5+ 75
-28.6%

Number of Homes Sold

Nov 2021Dec 2021%
1113+18.2%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 22902, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Dec 2021%
6 Days22 Days+264.6%

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 22902 are selling fast, if you're buying plan to act quickly.

About 22902, VA

Number of homes for sale in 22902, VA real estate market have reached 46. The inventory of homes for sale in 22902, VA between November 2021 and December 2021 decreased by 14.8%. In December 2021 median list price was $440,000 and the average listing age was 22 days. Listing prices have changed in this real estate market between December 2020 and December 2021: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties increased by 0%, 3 bedrooms properties became 9.9% more cheaper, prices of 4 bedrooms properties increased by 9.3%, 5 bedrooms properties prices increased by 2.1%. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes have not changed, number of 2 bedrooms homes remained the same, 3 bedrooms homes became 11.1% less available, 4 bedrooms homes inventory decreased by 20%, number of 5 bedrooms homes decreased by 28.6%. While more than 4 listings in 22902, VA in December 2021 were sold above asking price, there were more than 2 listings sold at asking price, and more than 5 were sold below.