$10,000 Closing Credit*
$1,870,000
4,270 SqFt
5 Beds
•4 Full Baths, 1 Partial
Laura C Mensing, Listing Office: Long & Foster Real Estate, Inc.
Is 22101, 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, 22101 has remained a Seller's Market.
Key Takeaway
22101 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 22101, VA
How much do homes in 22101, VA cost?
Median Sold Price
$1,831,166
$440/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$317,166(+20.9%)
Key Takeaway
Homes in 22101 have sold for 20.9% more than they did a year ago.
Summary: The median home sold price in 22101 was $1,831,166 in October 2024, up 20.9% from last year, and the median price per square foot was $440.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $249.9K | $292.5K | +17.0% |
| 2 Bedrooms | $1.2M | $460K | -63.8% |
| 3 Bedrooms | $1.0M | $1.2M | +13.1% |
| 4 Bedrooms | $1.2M | $1.3M | +6.3% |
| 5+ Bedrooms | $2.1M | $2.4M | +13.2% |
Summary: 22101 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17%, 2 bedroom homes decreased by 63.8%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 13.2%.
Median Sold Price Compared To Nearby Zip Codes
| 22101 | $1.5M | $1.8M | +20.9% |
| 22213 | $935K | $1.0M | +12.3% |
| 22043 | $800K | $838K | +4.8% |
Housing Supply in 22101, VA
How many homes are available in 22101, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 159 | 177 | +11.3% |
Summary: The 22101 real estate market had 177 homes for sale in October 2024, a 11.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 13 | 12 | -7.7% |
| 4 Bedrooms | 21 | 21 | 0.0% |
| 5+ Bedrooms | 113 | 131 | +15.9% |
Summary: The 22101 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 remained the same, 3 bedroom homes decreased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 15.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 31 | +29.2% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22101, you may be able to get a good deal. 51.6% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in 22101 in October 2024, up by 29.2% month-over-month. Of the 31 sold homes, 52% were sold under asking, 29% were sold at asking, and 19% were sold over asking.
Days on Market for 22101, VA
How long does it take to sell a home in 22101, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 45 Days | 29 Days | -34.3% |
Summary: Homes in 22101 had an average of 29 days on market in Oct 2024, down by 34.3% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 22101 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 31 homes were sold in 22101; 65% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
