Is 22903, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 22903 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 22903 was a Neutral Market.

Key Takeaway

22903 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 22903, VA cost?

Median Sold Price

$360,000

$225/sqft

Based on all homes sold in December 2021.

Difference Since Last Month

-$108,000(-23.1%)

Key Takeaway

Homes in 22903 have sold for 23.1% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Dec 2021%
1 -$268K
N/A
2 $155K$466.1K
+200.8%
3 $433.5K$360K
-17.0%
4 $585.5K$350.5K
-40.1%
5+ $510K$1.5M
+197.1%

Median Sold Price Compared To Nearby Zip Codes

22902
+0.6%
22903
-23.1%

How many homes are available in 22903, VA?

Number of Homes For Sale

Nov 2021Dec 2021%
8163-22.2%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 23
+50.0%
2 1311
-15.4%
3 3326
-21.2%
4 1712
-29.4%
5+ 1611
-31.3%

Number of Homes Sold

Nov 2021Dec 2021%
1214+16.7%

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 22903, 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%
39 Days13 Days-66.6%

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 22903 are selling fast, if you're buying plan to act quickly.

About 22903, VA

There are 63 homes are for sale in 22903, VA real estate market. The number of homes for sale in 22903, VA decreased by 22.2% between November 2021 and December 2021. In December 2021, listings were on the market for 13 days. During the same period, the median list price in this real estate market was $360,000. Between December 2020 and December 2021, listing prices of homes in this real estate market have seen the following changes: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went up by 200.8%, the cost of 3 bedrooms properties went down by 17%, the cost of 4 bedrooms properties went down by 40.1%, 5 bedrooms properties became 197.1% more expensive. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes increased by 50%, 2 bedrooms homes inventory decreased by 15.4%, 3 bedrooms homes became 21.2% less available, 4 bedrooms homes inventory decreased by 29.4%, 5 bedrooms homes became 31.3% less available. In December 2021, from all listings sold in 22903, VA there were more than 4 sold above asking price, over 5 sold below and more than 2 were sold right at the asked price.