$10,000 Closing Credit*
$950,000
2,230 SqFt
3 Beds
•3 Full Baths, 1 Partial
John W Denny, Listing Office: Long & Foster Real Estate, Inc.
Is 22031, 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, 22031 has remained a Seller's Market.
Key Takeaway
22031 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 22031, VA
How much do homes in 22031, VA cost?
Median Sold Price
$704,333
$355/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$96,000(+15.8%)
Key Takeaway
Homes in 22031 have sold for 15.8% more than they did a year ago.
Summary: The median home sold price in 22031 was $704,333 in October 2024, up 15.8% from last year, and the median price per square foot was $355.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $310K | $352.5K | +13.7% |
| 2 Bedrooms | $450K | $440K | -2.2% |
| 3 Bedrooms | $637.5K | $685K | +7.5% |
| 4 Bedrooms | $850K | $998K | +17.4% |
| 5+ Bedrooms | $1.1M | $1.1M | +2.0% |
Summary: 22031 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.7%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes increased by 2%.
Housing Supply in 22031, VA
How many homes are available in 22031, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 78 | 77 | -1.3% |
Summary: The 22031 real estate market had 77 homes for sale in October 2024, a 1.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 11 | +10.0% |
| 2 Bedrooms | 18 | 19 | +5.6% |
| 3 Bedrooms | 20 | 16 | -20.0% |
| 4 Bedrooms | 17 | 13 | -23.5% |
| 5+ Bedrooms | 13 | 18 | +38.5% |
Summary: The 22031 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 5.6%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 23.5%, and 5+ bedroom homes increased by 38.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 26 | -13.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22031, you may be able to get a good deal. 38.5% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in 22031 in October 2024, down by 13.3% month-over-month. Of the 26 sold homes, 38% were sold under asking, 35% were sold at asking, and 27% were sold over asking.
Days on Market for 22031, VA
How long does it take to sell a home in 22031, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 12 Days | 17 Days | +37.4% |
Summary: Homes in 22031 had an average of 17 days on market in Oct 2024, up by 37.4% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 22031 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 26 homes were sold in 22031; 88% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
