Is 22901, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 22901 has remained a Seller's Market.
Key Takeaway
22901 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 22901, VA
How much do homes in 22901, VA cost?
Median Sold Price
$499,633
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 22901 have sold for 2% more than they did a year ago.
Summary: The median home sold price in 22901 was $499,633 in May 2024, up 2% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $174.9K | +34.6% |
| 2 Bedrooms | $283.5K | $277K | -2.3% |
| 3 Bedrooms | $423K | $435K | +2.8% |
| 4 Bedrooms | $549K | $655.5K | +19.4% |
| 5+ Bedrooms | $1.1M | $848.9K | -24.6% |
Summary: 22901 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.6%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes decreased by 24.6%.
Housing Supply in 22901, VA
How many homes are available in 22901, VA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 188 | 196 | +4.3% |
Summary: The 22901 real estate market had 196 homes for sale in May 2024, a 4.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 7 | +16.7% |
| 2 Bedrooms | 21 | 20 | -4.8% |
| 3 Bedrooms | 76 | 97 | +27.6% |
| 4 Bedrooms | 61 | 54 | -11.5% |
| 5+ Bedrooms | 24 | 18 | -25.0% |
Summary: The 22901 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes increased by 27.6%, 4 bedroom homes decreased by 11.5%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 44 | 64 | +45.5% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
30 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22901, you could pay more than the asking price. 46.9% of homes here sold above asking price last month.
Summary: A total of 64 homes were sold or pending in 22901 in May 2024, up by 45.5% month-over-month. Of the 64 sold homes, 27% were sold under asking, 27% were sold at asking, and 47% were sold over asking.
Days on Market for 22901, VA
How long does it take to sell a home in 22901, VA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 15 Days | 13 Days | -13.2% |
Summary: Homes in 22901 had an average of 13 days on market in May 2024, down by 13.2% compared to last year.
Breakdown of Home Sale Times
56 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 22901 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 64 homes were sold in 22901; 88% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
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