$6,234 Closing Credit*
$525,000
993 SqFt
2 Beds
•1 Full Bath
Lesley M Salman, Listing Office: Premiere Property Management, LLC
Is 22202, 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, 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
$702,000
$479/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$42,000(+6.4%)
Key Takeaway
Homes in 22202 have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in 22202 was $702,000 in November 2024, up 6.4% from last year, and the median price per square foot was $479.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $359.5K | $315K | -12.4% |
| 2 Bedrooms | $610.1K | $634.5K | +4.0% |
| 3 Bedrooms | $878.7K | $950K | +8.1% |
| 4 Bedrooms | $1.2M | $1.1M | -2.1% |
| 5+ Bedrooms | $1.7M | $1.8M | +7.7% |
Summary: 22202 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.4%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 8.1%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 7.7%.
Housing Supply in 22202, VA
How many homes are available in 22202, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 43 | 51 | +18.6% |
Summary: The 22202 real estate market had 51 homes for sale in November 2024, a 18.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 12 | +33.3% |
| 2 Bedrooms | 14 | 17 | +21.4% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The 22202 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 21.4%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 9 | -25.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22202, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 22202 in November 2024, down by 25.0% month-over-month. Of the 9 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 39 Days | +62.1% |
Summary: Homes in 22202 had an average of 39 days on market in Nov 2024, up by 62.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 22202 has remained consistent over time.
Summary: During November 2024, 9 homes were sold in 22202; 44% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
