$5,522 Closing Credit*
$465,000
1,408 SqFt
3 Beds
•2 Full Baths, 1 Partial
Melissa K Longton, Listing Office: Berkshire Hathaway HomeServices PenFed Realty
Is 22193, 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, 22193 has remained a Seller's Market.
Key Takeaway
22193 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 22193, VA
How much do homes in 22193, VA cost?
Median Sold Price
$491,285
$249/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$41,285(+9.2%)
Key Takeaway
Homes in 22193 have sold for 9.2% more than they did a year ago.
Summary: The median home sold price in 22193 was $491,285 in October 2024, up 9.2% from last year, and the median price per square foot was $249.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $396K | $350K | -11.6% |
| 3 Bedrooms | $400K | $427.6K | +6.9% |
| 4 Bedrooms | $480K | $535K | +11.5% |
| 5+ Bedrooms | $612K | $675K | +10.3% |
Summary: 22193 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 11.6%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 10.3%.
Housing Supply in 22193, VA
How many homes are available in 22193, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 195 | 204 | +4.6% |
Summary: The 22193 real estate market had 204 homes for sale in October 2024, a 4.6% 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 | 3 | 0 | -100.0% |
| 3 Bedrooms | 76 | 88 | +15.8% |
| 4 Bedrooms | 83 | 84 | +1.2% |
| 5+ Bedrooms | 33 | 32 | -3.0% |
Summary: The 22193 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 decreased by 100%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes decreased by 3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 64 | 69 | +7.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
40 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22193, you could pay more than the asking price. 58% of homes here sold above asking price last month.
Summary: A total of 69 homes were sold or pending in 22193 in October 2024, up by 7.8% month-over-month. Of the 69 sold homes, 12% were sold under asking, 30% were sold at asking, and 58% were sold over asking.
Days on Market for 22193, VA
How long does it take to sell a home in 22193, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 13 Days | -26.0% |
Summary: Homes in 22193 had an average of 13 days on market in Oct 2024, down by 26% compared to last year.
Breakdown of Home Sale Times
60 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 22193 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 69 homes were sold in 22193; 87% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
