$10,000 Closing Credit*
$1,099,999
3,090 SqFt
6 Beds
•4 Full Baths, 1 Partial
Lusmila J Ary, Listing Office: America's Choice Realty
Is 22042, 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, 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
$730,500
$416/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$45,500(+6.6%)
Key Takeaway
Homes in 22042 have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in 22042 was $730,500 in November 2024, up 6.6% from last year, and the median price per square foot was $416.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $289K | $310.1K | +7.3% |
| 2 Bedrooms | $430K | $449.1K | +4.4% |
| 3 Bedrooms | $669.5K | $735K | +9.8% |
| 4 Bedrooms | $755K | $832.5K | +10.3% |
| 5+ Bedrooms | $937.5K | $1.2M | +32.7% |
Summary: 22042 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.3%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 32.7%.
Housing Supply in 22042, VA
How many homes are available in 22042, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 84 | 75 | -10.7% |
Summary: The 22042 real estate market had 75 homes for sale in November 2024, a 10.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 10 | +25.0% |
| 2 Bedrooms | 15 | 15 | 0.0% |
| 3 Bedrooms | 31 | 24 | -22.6% |
| 4 Bedrooms | 18 | 15 | -16.7% |
| 5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The 22042 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 22.6%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 29 | -9.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22042, you could pay more than the asking price. 55.2% of homes here sold above asking price last month.
Summary: A total of 29 homes were sold or pending in 22042 in November 2024, down by 9.4% month-over-month. Of the 29 sold homes, 28% were sold under asking, 17% were sold at asking, and 55% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 13 Days | -30.0% |
Summary: Homes in 22042 had an average of 13 days on market in Nov 2024, down by 30% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
4 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 November 2024, 29 homes were sold in 22042; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
