$3,028 Closing Credit*
$255,000
941 SqFt
2 Beds
•1 Full Bath
Sineenat Sirimas, Listing Office: Pearson Smith Realty, LLC
Is 22003, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 22003 has remained a Seller's Market.
Key Takeaway
22003 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 22003, VA
How much do homes in 22003, VA cost?
Median Sold Price
$730,719
$328/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$80,719(+12.4%)
Key Takeaway
Homes in 22003 have sold for 12.4% more than they did a year ago.
Summary: The median home sold price in 22003 was $730,719 in October 2024, up 12.4% from last year, and the median price per square foot was $328.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $205K | $212K | +3.4% |
| 2 Bedrooms | $255K | $256K | 0.4% |
| 3 Bedrooms | $575K | $613.8K | +6.8% |
| 4 Bedrooms | $756.7K | $800K | +5.7% |
| 5+ Bedrooms | $860K | $976K | +13.5% |
Summary: 22003 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.4%, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 13.5%.
Housing Supply in 22003, VA
How many homes are available in 22003, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 110 | 127 | +15.5% |
Summary: The 22003 real estate market had 127 homes for sale in October 2024, a 15.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 9 | +12.5% |
| 2 Bedrooms | 20 | 19 | -5.0% |
| 3 Bedrooms | 23 | 26 | +13.0% |
| 4 Bedrooms | 33 | 44 | +33.3% |
| 5+ Bedrooms | 26 | 29 | +11.5% |
Summary: The 22003 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes decreased by 5%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 11.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 46 | 37 | -19.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22003, you could pay more than the asking price. 62.2% of homes here sold above asking price last month.
Summary: A total of 37 homes were sold or pending in 22003 in October 2024, down by 19.6% month-over-month. Of the 37 sold homes, 24% were sold under asking, 14% were sold at asking, and 62% were sold over asking.
Days on Market for 22003, VA
How long does it take to sell a home in 22003, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 18 Days | -0.9% |
Summary: Homes in 22003 had an average of 18 days on market in Oct 2024, down by 0.9% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 22003 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 37 homes were sold in 22003; 78% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
