Is 23222, 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, 23222 has remained a Seller's Market.
Key Takeaway
23222 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 23222, VA
How much do homes in 23222, VA cost?
Median Sold Price
$313,525
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 23222 have sold for 10% more than they did a year ago.
Summary: The median home sold price in 23222 was $313,525 in March 2024, up 10% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $165K | $225K | +36.4% |
| 3 Bedrooms | $280K | $305.3K | +9.0% |
| 4 Bedrooms | $345K | $335K | -2.9% |
| 5+ Bedrooms | $374.9K | $495.5K | +32.1% |
Summary: 23222 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 increased by 36.4%, 3 bedroom homes increased by 9%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 32.1%.
Housing Supply in 23222, VA
How many homes are available in 23222, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 119 | 119 | 0.0% |
Summary: The 23222 real estate market had 119 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 65 | 71 | +9.2% |
| 4 Bedrooms | 40 | 36 | -10.0% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The 23222 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 12.5%, 3 bedroom homes increased by 9.2%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 33 | 23 | -30.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 23222, you could pay more than the asking price. 52.2% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in 23222 in March 2024, down by 30.3% month-over-month. Of the 23 sold homes, 26% were sold under asking, 22% were sold at asking, and 52% were sold over asking.
Days on Market for 23222, VA
How long does it take to sell a home in 23222, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 39 Days | 25 Days | -36.2% |
Summary: Homes in 23222 had an average of 25 days on market in Mar 2024, down by 36.2% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 23222 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 23 homes were sold in 23222; 74% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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