$5,047 Closing Credit*
$425,000
1,393 SqFt
2 Beds
•2 Full Baths, 2 Partial
Colin M Concannon, Listing Office: LBT Residential Real Estate LLC
Is 22153, 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, 22153 has remained a Seller's Market.
Key Takeaway
22153 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 22153, VA
How much do homes in 22153, VA cost?
Median Sold Price
$730,000
$323/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$17,900(+2.5%)
Key Takeaway
Homes in 22153 have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in 22153 was $730,000 in October 2024, up 2.5% from last year, and the median price per square foot was $323.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $452K | $438K | -3.1% |
| 3 Bedrooms | $540K | $562K | +4.1% |
| 4 Bedrooms | $775K | $830K | +7.1% |
| 5+ Bedrooms | $885K | $900K | +1.7% |
Summary: 22153 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.1%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 1.7%.
Housing Supply in 22153, VA
How many homes are available in 22153, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 66 | 74 | +12.1% |
Summary: The 22153 real estate market had 74 homes for sale in October 2024, a 12.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 10 | +42.9% |
| 3 Bedrooms | 25 | 23 | -8.0% |
| 4 Bedrooms | 22 | 29 | +31.8% |
| 5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The 22153 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 increased by 42.9%, 3 bedroom homes decreased by 8%, 4 bedroom homes increased by 31.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 29 | +16.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22153, you could pay more than the asking price. 55.2% of homes here sold above asking price last month.
Summary: A total of 29 homes were sold or pending in 22153 in October 2024, up by 16.0% month-over-month. Of the 29 sold homes, 21% were sold under asking, 24% were sold at asking, and 55% were sold over asking.
Days on Market for 22153, VA
How long does it take to sell a home in 22153, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 10 Days | 13 Days | +32.1% |
Summary: Homes in 22153 had an average of 13 days on market in Oct 2024, up by 32.1% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 22153 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 29 homes were sold in 22153; 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.
