Is 22044, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 22044 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 22044 has remained a Seller's Market.

Key Takeaway

22044 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 22044, VA

How much do homes in 22044, VA cost?

Median Sold Price

$753,236

$327/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$18,236(+2.5%)

Key Takeaway

Homes in 22044 have sold for 2.5% more than they did a year ago.

Summary: The median home sold price in 22044 was $753,236 in October 2024, up 2.5% from last year, and the median price per square foot was $327.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $212.5K$209.9K
-1.2%
2 $255K$250K
-2.0%
3 $800.5K$807.5K
+0.9%
4 $875K$1.0M
+25.1%
5+ $1.6M$1.0M
-37.0%

Summary: 22044 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.2%, 2 bedroom homes decreased by 2%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 25.1%, and 5+ bedroom homes decreased by 37%.

Median Sold Price Compared To Nearby Zip Codes

22046
+22.1%
22203
+21.2%
22205
+19.6%
22041
+6.7%
22044
+2.5%

Housing Supply in 22044, VA

How many homes are available in 22044, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3029-3.3%

Summary: The 22044 real estate market had 29 homes for sale in October 2024, a 3.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1012
+20.0%
2 57
+40.0%
3 53
-40.0%
4 57
+40.0%
5+ 50
-100.0%

Summary: The 22044 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 40%, 3 bedroom homes decreased by 40%, 4 bedroom homes increased by 40%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1110-9.1%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 22044, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in 22044 in October 2024, down by 9.1% month-over-month. Of the 10 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.

Days on Market for 22044, VA

How long does it take to sell a home in 22044, VA?

Average Sale Time

Oct 2023Oct 2024CHANGE
19 Days37 Days+90.4%

Summary: Homes in 22044 had an average of 37 days on market in Oct 2024, up by 90.4% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 22044 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 10 homes were sold in 22044; 50% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 13 Days Ago

Newest Listings in 22044, VA

Nearby Markets to 22044, VA