Is 22968, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 22968 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 22968 has remained a Buyer's Market.

Key Takeaway

22968 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 22968, VA

How much do homes in 22968, VA cost?

Median Sold Price

$308,000

$194/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

-$121,990(-28.4%)

Key Takeaway

Homes in 22968 have sold for 28.4% less than they did a month ago.

Summary: The median home sold price in 22968 was $308,000 in February 2024, down 28.4% from last month, and the median price per square foot was $194.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 $447.2K-
N/A
3 $315K$288.5K
-8.4%
4 -$509.5K
N/A
5+ $457K-
N/A

Summary: 22968 housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 8.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

22936
+152.3%
22968
-28.4%

Housing Supply in 22968, VA

How many homes are available in 22968, VA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
5566+20.0%

Summary: The 22968 real estate market had 66 homes for sale in February 2024, a 20.0% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 810
+25.0%
3 2529
+16.0%
4 1318
+38.5%
5+ 99
0.0%

Summary: The 22968 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 increased by 25%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 38.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
550.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 22968, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 22968 in February 2024, the same as the previous month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.

Days on Market for 22968, VA

How long does it take to sell a home in 22968, VA?

Average Sale Time

Jan 2024Feb 2024CHANGE
70 Days28 Days-59.3%

Summary: Homes in 22968 had an average of 28 days on market in Feb 2024, down by 59.3% compared to last month.

Breakdown of Home Sale Times

3 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 22968 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 5 homes were sold in 22968; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% 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 22968, VA

Nearby Markets to 22968, VA