Is 22150, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 22150 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 22150 has remained a Seller's Market.

Key Takeaway

22150 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 22150, VA

How much do homes in 22150, VA cost?

Median Sold Price

$675,000

$347/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$47,000(+7.5%)

Key Takeaway

Homes in 22150 have sold for 7.5% more than they did a year ago.

Summary: The median home sold price in 22150 was $675,000 in November 2024, up 7.5% from last year, and the median price per square foot was $347.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $230K$225K
-2.2%
2 $542.6K$436K
-19.6%
3 $585K$627.5K
+7.3%
4 $640K$699.9K
+9.4%
5+ $821.5K$750K
-8.7%

Summary: 22150 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 decreased by 19.6%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes decreased by 8.7%.

Median Sold Price Compared To Nearby Zip Codes

22151
+9.4%
22315
+8.8%
22150
+7.5%
22153
0.4%
22152
0.2%

Housing Supply in 22150, VA

How many homes are available in 22150, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3440+17.6%

Summary: The 22150 real estate market had 40 homes for sale in November 2024, a 17.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 20
-100.0%
3 1416
+14.3%
4 815
+87.5%
5+ 109
-10.0%

Summary: The 22150 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 100%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 87.5%, and 5+ bedroom homes decreased by 10%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1712-29.4%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 22150, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 12 homes were sold or pending in 22150 in November 2024, down by 29.4% month-over-month. Of the 12 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.

Days on Market for 22150, VA

How long does it take to sell a home in 22150, VA?

Average Sale Time

Nov 2023Nov 2024CHANGE
16 Days13 Days-14.8%

Summary: Homes in 22150 had an average of 13 days on market in Nov 2024, down by 14.8% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 22150 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 12 homes were sold in 22150; 83% of homes were sold within 30 days, 17% 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 22150, VA

Nearby Markets to 22150, VA