Is 22974, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 22974 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 22974 was a Buyer's Market.

Key Takeaway

22974 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 22974, VA cost?

Median Sold Price

$283,000

$165/sqft

Based on all homes sold in December 2021.

Difference Since Last Month

-$18,750(-6.2%)

Key Takeaway

Homes in 22974 have sold for 6.2% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Dec 2021%
1 --
N/A
2 $204.5K-
N/A
3 -$229K
N/A
4 $399K$329K
-17.5%
5+ --
N/A

Median Sold Price Compared To Nearby Zip Codes

22947
+83.8%
22902
+0.6%
22974
-6.2%
22963
-9.6%

How many homes are available in 22974, VA?

Number of Homes For Sale

Nov 2021Dec 2021%
1615-6.3%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 21
-50.0%
3 47
+75.0%
4 107
-30.0%
5+ 00
0.0%

Number of Homes Sold

Nov 2021Dec 2021%
25+150.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 22974, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.

Average Sale Time

Nov 2021Dec 2021%
6 Days12 Days+100.0%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 22974 are selling fast, if you're buying plan to act quickly.

About 22974, VA

Homes for sale in 22974, VA have reached 15. The number of listings in 22974, VA decreased by 6.3% between November 2021 and December 2021. While the average time on the market in December 2021 was 12 days, the median list price was $283,000. Listing prices have changed in this real estate market between December 2020 and December 2021: 1 bedroom properties became 0% more expensive, 2 bedrooms properties became 0% more expensive, prices of 3 bedrooms properties increased by 0%, prices of 4 bedrooms properties went down by 17.5%, the cost of 5 bedrooms properties went up by 0%. Housing inventory have changed in this real estate market: number of 1 bedroom homes remained the same, number of 2 bedrooms homes decreased by 50%, 3 bedrooms homes inventory increased by 75%, volume of 4 bedrooms homes went down by 30%, the quantity of 5 bedrooms homes have not changed. While more than 2 listings in 22974, VA in December 2021 were sold above asking price, there were more than 2 listings sold at asking price, and more than 1 were sold below.