Is 22124, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 22124 is a 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

# BEDSOct 2023Oct 2024CHANGE
1 $285K$293K
+2.8%
2 $332.5K$372.5K
+12.0%
3 $655K$780K
+19.1%
4 $960K$1.0M
+12.0%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

20191
+17.5%
22181
+14.4%
22124
+12.0%
22033
+10.6%

Housing Supply in 22124, VA

How many homes are available in 22124, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4454+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

# BEDSSep 2024Oct 2024CHANGE
1 44
0.0%
2 75
-28.6%
3 512
+140.0%
4 1720
+17.6%
5+ 1113
+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 2024Oct 2024CHANGE
1815-16.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2023Oct 2024CHANGE
11 Days5 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in 22124, VA

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