$10,000 Closing Credit*
$2,250,000
8,871 SqFt
8 Beds
•6 Full Baths, 2 Partial
Suzanne M Gaibler, Listing Office: Weichert, REALTORS
Is 22124, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$979,000
$331/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$92,750(+10.5%)
Key Takeaway
Homes in 22124 have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in 22124 was $979,000 in November 2024, up 10.5% from last year, and the median price per square foot was $331.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $282.5K | $293.9K | +4.1% |
| 2 Bedrooms | $352.5K | $370K | +5.0% |
| 3 Bedrooms | $639.5K | $735K | +14.9% |
| 4 Bedrooms | $955K | $1.0M | +12.6% |
| 5+ Bedrooms | $1.4M | $1.5M | +8.6% |
Summary: 22124 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.1%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 14.9%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes increased by 8.6%.
Housing Supply in 22124, VA
How many homes are available in 22124, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 48 | 41 | -14.6% |
Summary: The 22124 real estate market had 41 homes for sale in November 2024, a 14.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 18 | 13 | -27.8% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The 22124 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 27.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 19 | +18.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22124, you could pay more than the asking price. 52.6% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in 22124 in November 2024, up by 18.8% month-over-month. Of the 19 sold homes, 42% were sold under asking, 5% were sold at asking, and 53% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 12 Days | 12 Days | +0.9% |
Summary: Homes in 22124 had an average of 12 days on market in Nov 2024, up by 0.9% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
2 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 November 2024, 19 homes were sold in 22124; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
