$10,000 Closing Credit*
$1,625,000
2,564 SqFt
4 Beds
•4 Full Baths, 1 Partial
Christopher R Wilkes, Listing Office: Washington Fine Properties, LLC
Is 22201, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 22201 has remained a Seller's Market.
Key Takeaway
22201 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 22201, VA
How much do homes in 22201, VA cost?
Median Sold Price
$625,000
$593/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$14,500(-2.3%)
Key Takeaway
Homes in 22201 have sold for 2.3% less than they did a year ago.
Summary: The median home sold price in 22201 was $625,000 in November 2024, down 2.3% from last year, and the median price per square foot was $593.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $425K | $410K | -3.5% |
| 2 Bedrooms | $600K | $650K | +8.3% |
| 3 Bedrooms | $1.1M | $1.0M | -5.0% |
| 4 Bedrooms | $1.3M | $1.4M | +15.4% |
| 5+ Bedrooms | $2.1M | $2.1M | +2.6% |
Summary: 22201 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.5%, 2 bedroom homes increased by 8.3%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 2.6%.
Housing Supply in 22201, VA
How many homes are available in 22201, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 91 | 89 | -2.2% |
Summary: The 22201 real estate market had 89 homes for sale in November 2024, a 2.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 36 | 29 | -19.4% |
| 2 Bedrooms | 28 | 19 | -32.1% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 5 | 10 | +100.0% |
| 5+ Bedrooms | 15 | 23 | +53.3% |
Summary: The 22201 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 19.4%, 2 bedroom homes decreased by 32.1%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 53.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 28 | -9.7% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22201, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in 22201 in November 2024, down by 9.7% month-over-month. Of the 28 sold homes, 57% were sold under asking, 18% were sold at asking, and 25% were sold over asking.
Days on Market for 22201, VA
How long does it take to sell a home in 22201, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 46 Days | 32 Days | -29.1% |
Summary: Homes in 22201 had an average of 32 days on market in Nov 2024, down by 29.1% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 22201 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 28 homes were sold in 22201; 64% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
