$10,000 Closing Credit*
$1,589,000
5,280 SqFt
8 Beds
•6 Full Baths
Sebrin Adem, Listing Office: RE/MAX Allegiance
Is 22124, 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, 22124 has remained a Seller's Market.
Key Takeaway
22124 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 22124, VA
How much do homes in 22124, VA cost?
Median Sold Price
$992,388
$332/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$106,138(+12.0%)
Key Takeaway
Homes in 22124 have sold for 12% more than they did a year ago.
Summary: The median home sold price in 22124 was $992,388 in October 2024, up 12% from last year, and the median price per square foot was $332.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $285K | $293K | +2.8% |
| 2 Bedrooms | $332.5K | $372.5K | +12.0% |
| 3 Bedrooms | $655K | $780K | +19.1% |
| 4 Bedrooms | $960K | $1.0M | +12.0% |
| 5+ Bedrooms | $1.4M | $1.5M | +11.1% |
Summary: 22124 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.8%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 19.1%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 11.1%.
Housing Supply in 22124, VA
How many homes are available in 22124, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 44 | 54 | +22.7% |
Summary: The 22124 real estate market had 54 homes for sale in October 2024, a 22.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 7 | 5 | -28.6% |
| 3 Bedrooms | 5 | 12 | +140.0% |
| 4 Bedrooms | 17 | 20 | +17.6% |
| 5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The 22124 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 28.6%, 3 bedroom homes increased by 140%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 15 | -16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22124, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in 22124 in October 2024, down by 16.7% month-over-month. Of the 15 sold homes, 13% were sold under asking, 27% were sold at asking, and 60% were sold over asking.
Days on Market for 22124, VA
How long does it take to sell a home in 22124, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 5 Days | -53.8% |
Summary: Homes in 22124 had an average of 5 days on market in Oct 2024, down by 53.8% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 22124 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 15 homes were sold in 22124; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
