Is 22942, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 22942 is a buyer's market

Buyer's
Market

Difference Since December 2020

At the same time last year, 22942 was a Neutral Market.

Key Takeaway

22942 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in 22942, VA cost?

Median Sold Price

$349,900

$168/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

-$7,850(-2.2%)

Key Takeaway

Homes in 22942 have sold for 2.2% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 --
N/A
2 $129.9K$191K
+47.0%
3 $215K$331K
+54.0%
4 $472.5K$489.5K
+3.6%
5+ $477.5K$400.3K
-16.2%

Median Sold Price Compared To Nearby Zip Codes

22960
+21.7%
22942
-2.2%

How many homes are available in 22942, VA?

Number of Homes For Sale

Nov 2021Dec 2021%
5444-18.5%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 22
0.0%
3 3225
-21.9%
4 1513
-13.3%
5+ 54
-20.0%

Number of Homes Sold

Nov 2021Dec 2021%
103-70.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 22942, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Average Sale Time

Dec 2020Dec 2021%
61 Days12 Days-79.2%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 22942 are selling fast, if you're buying plan to act quickly.

About 22942, VA

22942, VA has 44 homes for sale to choose from. The inventory of homes for sale in 22942, VA between November 2021 and December 2021 decreased by 18.5%. While the average time on the market in December 2021 was 12 days, the median list price was $349,900. Real estate listing prices changed between November 2021 and December 2021: 1 bedroom properties became 0% more expensive, 2 bedrooms properties became 47% more expensive, 3 bedrooms properties became 54% more expensive, prices of 4 bedrooms properties went up by 3.6%, prices of 5 bedrooms properties went down by 16.2%. This housing market inventory have changed: 1 bedroom homes did not move, 2 bedrooms homes did not move, volume of 3 bedrooms homes went down by 21.9%, number of 4 bedrooms homes decreased by 13.3%, 5 bedrooms homes became 20% less available. In December 2021 more than 2 listings in 22942, VA were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 1 were sold below.