$9,488 Closing Credit*
$799,000
1,403 SqFt
2 Beds
•2 Full Baths, 1 Partial
Kerstin K Stitt, Listing Office: TTR Sothebys International Realty
Is 22046, 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, 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
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $254.3K | $275K | +8.1% |
| 2 Bedrooms | $556.2K | $475K | -14.6% |
| 3 Bedrooms | $809K | $1.0M | +27.4% |
| 4 Bedrooms | $1.1M | $1.2M | +4.8% |
| 5+ Bedrooms | $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%.
Housing Supply in 22046, VA
How many homes are available in 22046, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 44 | 55 | +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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 6 | +100.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 7 | 12 | +71.4% |
| 5+ Bedrooms | 19 | 20 | +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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 16 | +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
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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 19 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
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.
