Is 22932, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 22932 is a buyer's market

Buyer's
Market

Difference Since February 2023

Since last year, 22932 has remained a Buyer's Market.

Key Takeaway

22932 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 22932, VA

How much do homes in 22932, VA cost?

Median Sold Price

$533,333

$232/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$146,667(-21.6%)

Key Takeaway

Homes in 22932 have sold for 21.6% less than they did a year ago.

Summary: The median home sold price in 22932 was $533,333 in February 2024, down 21.6% from last year, and the median price per square foot was $232.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $249K-
N/A
2 -$339.9K
N/A
3 $423.1K$449.5K
+6.3%
4 $810K$599.9K
-25.9%
5+ $795K$852K
+7.2%

Summary: 22932 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 25.9%, and 5+ bedroom homes increased by 7.2%.

Housing Supply in 22932, VA

How many homes are available in 22932, VA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
107120+12.1%

Summary: The 22932 real estate market had 120 homes for sale in February 2024, a 12.1% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 43
-25.0%
3 4252
+23.8%
4 4449
+11.4%
5+ 1615
-6.3%

Summary: The 22932 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 23.8%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes decreased by 6.3%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
990.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 22932, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.

Summary: A total of 9 homes were sold or pending in 22932 in February 2024, the same as the previous month. Of the 9 sold homes, 33% were sold under asking, 44% were sold at asking, and 22% were sold over asking.

Days on Market for 22932, VA

How long does it take to sell a home in 22932, VA?

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 22932 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 9 homes were sold in 22932; 56% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 33% 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 28 Days Ago

Newest Listings in 22932, VA

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