Is 22942, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 22942 has remained a Buyer's Market.
Housing Prices in 22942, VA
How much do homes in 22942, VA cost?
Median Sold Price
$450,000
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 22942 was $450,000 in March 2024, up 9.8% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $240K | N/A |
3 Bedrooms | $295K | $400K | +35.6% |
4 Bedrooms | $520K | $537.5K | +3.4% |
5+ Bedrooms | $490K | $977.5K | +99.5% |
Summary: 22942 housing prices by bedroom type for March 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 35.6%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 99.5%.
Housing Supply in 22942, VA
How many homes are available in 22942, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
91 | 92 | +1.1% |
Summary: The 22942 real estate market had 92 homes for sale in March 2024, a 1.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 60 | 59 | -1.7% |
4 Bedrooms | 17 | 19 | +11.8% |
5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The 22942 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 11 | +10.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in 22942 in March 2024, up by 10.0% month-over-month. Of the 10 sold homes, 30% were sold under asking, 20% were sold at asking, and 50% were sold over asking.
Days on Market for 22942, VA
How long does it take to sell a home in 22942, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
47 Days | 61 Days | +30.0% |
Summary: Homes in 22942 had an average of 61 days on market in Mar 2024, up by 30% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in 22942; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.