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 23 Days Ago

Newest Listings in 22180, VA

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