Is 22180, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 22180 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 22180 has remained a Seller's Market.

Key Takeaway

22180 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 22180, VA

How much do homes in 22180, VA cost?

Median Sold Price

$1,060,650

$406/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$60,650(+6.1%)

Key Takeaway

Homes in 22180 have sold for 6.1% more than they did a year ago.

Summary: The median home sold price in 22180 was $1,060,650 in October 2024, up 6.1% from last year, and the median price per square foot was $406.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $320K$340K
+6.3%
2 $395K$511K
+29.4%
3 $825K$865K
+4.8%
4 $925K$1.0M
+9.2%
5+ $1.8M$1.9M
+8.0%

Summary: 22180 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 29.4%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 8%.

Median Sold Price Compared To Nearby Zip Codes

22031
+15.8%
22181
+14.4%
22182
+8.1%
22180
+6.1%

Housing Supply in 22180, VA

How many homes are available in 22180, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8396+15.7%

Summary: The 22180 real estate market had 96 homes for sale in October 2024, a 15.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 44
0.0%
3 1314
+7.7%
4 2424
0.0%
5+ 4154
+31.7%

Summary: The 22180 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 31.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2319-17.4%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 22180, you could pay more than the asking price. 42.1% of homes here sold above asking price last month.

Summary: A total of 19 homes were sold or pending in 22180 in October 2024, down by 17.4% month-over-month. Of the 19 sold homes, 26% were sold under asking, 32% were sold at asking, and 42% were sold over asking.

Days on Market for 22180, VA

How long does it take to sell a home in 22180, VA?

Average Sale Time

Oct 2023Oct 2024CHANGE
23 Days18 Days-21.8%

Summary: Homes in 22180 had an average of 18 days on market in Oct 2024, down by 21.8% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 22180 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 19 homes were sold in 22180; 79% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 5% 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 22180, VA

Nearby Markets to 22180, VA