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 November 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

$1,130,000

$448/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$207,000(+22.4%)

Key Takeaway

Homes in 22046 have sold for 22.4% more than they did a year ago.

Summary: The median home sold price in 22046 was $1,130,000 in November 2024, up 22.4% from last year, and the median price per square foot was $448.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $267.3K$261.5K
-2.2%
2 $495K$595.5K
+20.3%
3 $800.5K$1.0M
+33.0%
4 $1.1M$1.1M
+2.0%
5+ $1.7M$1.9M
+8.8%

Summary: 22046 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.2%, 2 bedroom homes increased by 20.3%, 3 bedroom homes increased by 33%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 8.8%.

Median Sold Price Compared To Nearby Zip Codes

22046
+22.4%
22205
+16.5%
22043
+8.3%
22042
+6.6%
22213
+6.5%

Housing Supply in 22046, VA

How many homes are available in 22046, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4845-6.3%

Summary: The 22046 real estate market had 45 homes for sale in November 2024, a 6.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 65
-16.7%
2 611
+83.3%
3 86
-25.0%
4 97
-22.2%
5+ 1916
-15.8%

Summary: The 22046 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 83.3%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes decreased by 15.8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1611-31.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 22046, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in 22046 in November 2024, down by 31.3% month-over-month. Of the 11 sold homes, 55% were sold under asking, 9% were sold at asking, and 36% 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

Nov 2023Nov 2024CHANGE
14 Days12 Days-12.5%

Summary: Homes in 22046 had an average of 12 days on market in Nov 2024, down by 12.5% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

1 Home Was 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 November 2024, 11 homes were sold in 22046; 91% of homes were sold within 30 days, 9% 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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