$10,000 Closing Credit*
$1,099,900
2,368 SqFt
4 Beds
•3 Full Baths, 1 Partial
Larry R Carter, Listing Office: Cummings & Co. Realtors
Is 22201, 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, 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
$640,000
$598/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$11,500(+1.8%)
Key Takeaway
Homes in 22201 have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in 22201 was $640,000 in October 2024, up 1.8% from last year, and the median price per square foot was $598.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $420K | $410K | -2.4% |
| 2 Bedrooms | $580K | $651.7K | +12.4% |
| 3 Bedrooms | $1.0M | $1.0M | -4.5% |
| 4 Bedrooms | $1.2M | $1.4M | +18.3% |
| 5+ Bedrooms | $2.1M | $2.0M | -1.0% |
Summary: 22201 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.4%, 2 bedroom homes increased by 12.4%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes increased by 18.3%, and 5+ bedroom homes decreased by 1%.
Housing Supply in 22201, VA
How many homes are available in 22201, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 100 | 104 | +4.0% |
Summary: The 22201 real estate market had 104 homes for sale in October 2024, a 4.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 42 | 42 | 0.0% |
| 2 Bedrooms | 31 | 29 | -6.5% |
| 3 Bedrooms | 11 | 9 | -18.2% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 12 | 19 | +58.3% |
Summary: The 22201 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 6.5%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 58.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 33 | +26.9% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22201, you may be able to get a good deal. 42.4% of homes here sold below asking price last month.
Summary: A total of 33 homes were sold or pending in 22201 in October 2024, up by 26.9% month-over-month. Of the 33 sold homes, 42% were sold under asking, 30% were sold at asking, and 27% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 29 Days | +18.7% |
Summary: Homes in 22201 had an average of 29 days on market in Oct 2024, up by 18.7% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
5 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 October 2024, 33 homes were sold in 22201; 76% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
