$10,000 Closing Credit*
$949,000
3,010 SqFt
4 Beds
•2 Full Baths, 1 Partial
Gene M Malinger, Listing Office: Samson Properties
Is 22042, 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, 22042 has remained a Seller's Market.
Key Takeaway
22042 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 22042, VA
How much do homes in 22042, VA cost?
Median Sold Price
$735,666
$418/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$60,666(+9.0%)
Key Takeaway
Homes in 22042 have sold for 9% more than they did a year ago.
Summary: The median home sold price in 22042 was $735,666 in October 2024, up 9% from last year, and the median price per square foot was $418.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280K | $307.5K | +9.8% |
| 2 Bedrooms | $430K | $449.5K | +4.5% |
| 3 Bedrooms | $665K | $747.5K | +12.4% |
| 4 Bedrooms | $750K | $832.5K | +11.0% |
| 5+ Bedrooms | $935K | $1.1M | +17.6% |
Summary: 22042 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.8%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 11%, and 5+ bedroom homes increased by 17.6%.
Housing Supply in 22042, VA
How many homes are available in 22042, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 87 | 99 | +13.8% |
Summary: The 22042 real estate market had 99 homes for sale in October 2024, a 13.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 10 | -16.7% |
| 2 Bedrooms | 11 | 18 | +63.6% |
| 3 Bedrooms | 35 | 36 | +2.9% |
| 4 Bedrooms | 20 | 21 | +5.0% |
| 5+ Bedrooms | 9 | 14 | +55.6% |
Summary: The 22042 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 63.6%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 55.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 28 | -6.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22042, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 28 homes were sold or pending in 22042 in October 2024, down by 6.7% month-over-month. Of the 28 sold homes, 36% were sold under asking, 14% were sold at asking, and 50% were sold over asking.
Days on Market for 22042, VA
How long does it take to sell a home in 22042, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 12 Days | -22.1% |
Summary: Homes in 22042 had an average of 12 days on market in Oct 2024, down by 22.1% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 22042 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 28 homes were sold in 22042; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
