Is 22182, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 22182 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 22182 has remained a Seller's Market.

Key Takeaway

22182 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 22182, VA

How much do homes in 22182, VA cost?

Median Sold Price

$1,199,500

$384/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$89,500(+8.1%)

Key Takeaway

Homes in 22182 have sold for 8.1% more than they did a year ago.

Summary: The median home sold price in 22182 was $1,199,500 in October 2024, up 8.1% from last year, and the median price per square foot was $384.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $562.1K$584.3K
+4.0%
3 $827.5K$930K
+12.4%
4 $1.0M$1.1M
+10.6%
5+ $1.3M$1.4M
+4.9%

Summary: 22182 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 increased by 4%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 4.9%.

Median Sold Price Compared To Nearby Zip Codes

22181
+14.4%
22182
+8.1%
22180
+6.1%
22102
-30.6%

Housing Supply in 22182, VA

How many homes are available in 22182, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5763+10.5%

Summary: The 22182 real estate market had 63 homes for sale in October 2024, a 10.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 1016
+60.0%
4 1719
+11.8%
5+ 3027
-10.0%

Summary: The 22182 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 100%, 3 bedroom homes increased by 60%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes decreased by 10%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1318+38.5%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 22182, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 18 homes were sold or pending in 22182 in October 2024, up by 38.5% month-over-month. Of the 18 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.

Days on Market for 22182, VA

How long does it take to sell a home in 22182, VA?

Average Sale Time

Oct 2023Oct 2024CHANGE
16 Days14 Days-12.5%

Summary: Homes in 22182 had an average of 14 days on market in Oct 2024, down by 12.5% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 22182 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 18 homes were sold in 22182; 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 20 Days Ago

Newest Listings in 22182, VA

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