Is 22046, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 22046 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 22046 has remained a Seller's Market.

Key Takeaway

22046 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 22046, VA

How much do homes in 22046, VA cost?

Median Sold Price

$1,125,000

$446/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$204,000(+22.1%)

Key Takeaway

Homes in 22046 have sold for 22.1% more than they did a year ago.

Summary: The median home sold price in 22046 was $1,125,000 in October 2024, up 22.1% from last year, and the median price per square foot was $446.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $254.3K$275K
+8.1%
2 $556.2K$475K
-14.6%
3 $809K$1.0M
+27.4%
4 $1.1M$1.2M
+4.8%
5+ $1.7M$1.9M
+13.0%

Summary: 22046 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.1%, 2 bedroom homes decreased by 14.6%, 3 bedroom homes increased by 27.4%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 13%.

Median Sold Price Compared To Nearby Zip Codes

22046
+22.1%
22205
+19.6%
22213
+12.3%
22042
+9.0%
22043
+4.8%

Housing Supply in 22046, VA

How many homes are available in 22046, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4455+25.0%

Summary: The 22046 real estate market had 55 homes for sale in October 2024, a 25.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 36
+100.0%
2 67
+16.7%
3 910
+11.1%
4 712
+71.4%
5+ 1920
+5.3%

Summary: The 22046 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 71.4%, and 5+ bedroom homes increased by 5.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1116+45.5%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 22046, you could pay more than the asking price. 56.3% of homes here sold above asking price last month.

Summary: A total of 16 homes were sold or pending in 22046 in October 2024, up by 45.5% month-over-month. Of the 16 sold homes, 38% were sold under asking, 6% were sold at asking, and 56% were sold over asking.

Days on Market for 22046, VA

How long does it take to sell a home in 22046, VA?

Average Sale Time

Oct 2023Oct 2024CHANGE
26 Days19 Days-25.6%

Summary: Homes in 22046 had an average of 19 days on market in Oct 2024, down by 25.6% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 22046 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 16 homes were sold in 22046; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% 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 21 Days Ago

Newest Listings in 22046, VA

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