$10,000 Closing Credit*
$1,995,000
6,700 SqFt
7 Beds
•7 Full Baths, 2 Partial
Natalia Simonova, Listing Office: TTR Sothebys International Realty
Is 22003, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$733,000
$329/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$83,000(+12.8%)
Key Takeaway
Homes in 22003 have sold for 12.8% more than they did a year ago.
Summary: The median home sold price in 22003 was $733,000 in November 2024, up 12.8% from last year, and the median price per square foot was $329.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $205K | $213K | +3.9% |
| 2 Bedrooms | $252K | $256K | +1.6% |
| 3 Bedrooms | $585K | $624.9K | +6.8% |
| 4 Bedrooms | $758.2K | $805K | +6.2% |
| 5+ Bedrooms | $880K | $985K | +11.9% |
Summary: 22003 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.9%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 11.9%.
Housing Supply in 22003, VA
How many homes are available in 22003, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 116 | 112 | -3.4% |
Summary: The 22003 real estate market had 112 homes for sale in November 2024, a 3.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 8 | 0.0% |
| 2 Bedrooms | 16 | 18 | +12.5% |
| 3 Bedrooms | 24 | 22 | -8.3% |
| 4 Bedrooms | 41 | 38 | -7.3% |
| 5+ Bedrooms | 27 | 26 | -3.7% |
Summary: The 22003 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes decreased by 3.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 40 | 33 | -17.5% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22003, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.
Summary: A total of 33 homes were sold or pending in 22003 in November 2024, down by 17.5% month-over-month. Of the 33 sold homes, 30% were sold under asking, 15% were sold at asking, and 55% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 11 Days | -37.7% |
Summary: Homes in 22003 had an average of 11 days on market in Nov 2024, down by 37.7% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
1 Home Was 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 November 2024, 33 homes were sold in 22003; 94% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
