$5,403 Closing Credit*
$455,000
1,074 SqFt
2 Beds
•2 Full Baths
Hengameh Nikmaram, Listing Office: Fairfax Realty Select
Is 22043, 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, 22043 has remained a Seller's Market.
Key Takeaway
22043 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 22043, VA
How much do homes in 22043, VA cost?
Median Sold Price
$838,000
$396/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$38,000(+4.8%)
Key Takeaway
Homes in 22043 have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in 22043 was $838,000 in October 2024, up 4.8% from last year, and the median price per square foot was $396.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $224.5K | $245K | +9.1% |
| 2 Bedrooms | $354K | $425K | +20.1% |
| 3 Bedrooms | $722.4K | $788K | +9.1% |
| 4 Bedrooms | $960K | $1.1M | +14.6% |
| 5+ Bedrooms | $1.6M | $1.7M | +6.4% |
Summary: 22043 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 20.1%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes increased by 6.4%.
Housing Supply in 22043, VA
How many homes are available in 22043, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 80 | 84 | +5.0% |
Summary: The 22043 real estate market had 84 homes for sale in October 2024, a 5.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 12 | 16 | +33.3% |
| 3 Bedrooms | 20 | 13 | -35.0% |
| 4 Bedrooms | 12 | 14 | +16.7% |
| 5+ Bedrooms | 34 | 39 | +14.7% |
Summary: The 22043 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 35%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 14.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 15 | -21.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22043, expect to pay close to the asking price. 46.7% of homes here sold near the asking price last month.
Summary: A total of 15 homes were sold or pending in 22043 in October 2024, down by 21.1% month-over-month. Of the 15 sold homes, 33% were sold under asking, 47% were sold at asking, and 20% were sold over asking.
Days on Market for 22043, VA
How long does it take to sell a home in 22043, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 19 Days | -21.9% |
Summary: Homes in 22043 had an average of 19 days on market in Oct 2024, down by 21.9% compared to last year.
Breakdown of Home Sale Times
12 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 22043 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 15 homes were sold in 22043; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
