Is 22963, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 22963 was a Neutral Market.
Housing Prices in 22963, VA
How much do homes in 22963, VA cost?
Median Sold Price
$350,000
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 22963 was $350,000 in March 2024, up 2.3% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $760K | - | N/A |
2 Bedrooms | $327.5K | $300K | -8.4% |
3 Bedrooms | $301K | $317K | +5.3% |
4 Bedrooms | $477.5K | $400.2K | -16.2% |
5+ Bedrooms | $450K | $560K | +24.4% |
Summary: 22963 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 decreased by 8.4%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 16.2%, and 5+ bedroom homes increased by 24.4%.
Housing Supply in 22963, VA
How many homes are available in 22963, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
83 | 86 | +3.6% |
Summary: The 22963 real estate market had 86 homes for sale in March 2024, a 3.6% 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 | 4 | 2 | -50.0% |
3 Bedrooms | 45 | 44 | -2.2% |
4 Bedrooms | 27 | 30 | +11.1% |
5+ Bedrooms | 7 | 10 | +42.9% |
Summary: The 22963 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 decreased by 50%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 16 | +6.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in 22963 in March 2024, up by 6.7% month-over-month. Of the 16 sold homes, 38% were sold under asking, 31% were sold at asking, and 31% were sold over asking.
Days on Market for 22963, VA
How long does it take to sell a home in 22963, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
36 Days | 33 Days | -8.8% |
Summary: Homes in 22963 had an average of 33 days on market in Mar 2024, down by 8.8% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 16 homes were sold in 22963; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.