$7,303 Closing Credit*
$615,000
1,603 SqFt
2 Beds
•2 Full Baths, 1 Partial
Michael I Putnam, Listing Office: RE/MAX Executives
Is 22202, 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, 22202 has remained a Seller's Market.
Key Takeaway
22202 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 22202, VA
How much do homes in 22202, VA cost?
Median Sold Price
$709,500
$479/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$34,500(+5.1%)
Key Takeaway
Homes in 22202 have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in 22202 was $709,500 in October 2024, up 5.1% from last year, and the median price per square foot was $479.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $359.5K | $325K | -9.6% |
| 2 Bedrooms | $597.5K | $639K | +6.9% |
| 3 Bedrooms | $876.2K | $957.5K | +9.3% |
| 4 Bedrooms | $1.2M | $1.1M | -2.1% |
| 5+ Bedrooms | $1.6M | $1.8M | +16.0% |
Summary: 22202 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.6%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 9.3%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 16%.
Housing Supply in 22202, VA
How many homes are available in 22202, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 44 | 50 | +13.6% |
Summary: The 22202 real estate market had 50 homes for sale in October 2024, a 13.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 9 | +28.6% |
| 2 Bedrooms | 19 | 21 | +10.5% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 2 | 5 | +150.0% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The 22202 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 10.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 150%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 11 | +37.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22202, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 22202 in October 2024, up by 37.5% month-over-month. Of the 11 sold homes, 55% were sold under asking, 27% were sold at asking, and 18% were sold over asking.
Days on Market for 22202, VA
How long does it take to sell a home in 22202, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 22 Days | -35.7% |
Summary: Homes in 22202 had an average of 22 days on market in Oct 2024, down by 35.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 22202 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in 22202; 73% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
