$10,000 Closing Credit*
$1,199,000
2,309 SqFt
4 Beds
•4 Full Baths, 1 Partial
Patricia M Brosnan, Listing Office: Keller Williams Realty
Is 22203, 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, 22203 has remained a Seller's Market.
Key Takeaway
22203 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 22203, VA
How much do homes in 22203, VA cost?
Median Sold Price
$676,166
$489/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$102,666(+17.9%)
Key Takeaway
Homes in 22203 have sold for 17.9% more than they did a year ago.
Summary: The median home sold price in 22203 was $676,166 in November 2024, up 17.9% from last year, and the median price per square foot was $489.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $320K | $299.9K | -6.3% |
| 2 Bedrooms | $570K | $575K | +0.9% |
| 3 Bedrooms | $910K | $993K | +9.1% |
| 4 Bedrooms | $1.1M | $1.2M | +9.1% |
| 5+ Bedrooms | $1.3M | $1.5M | +16.4% |
Summary: 22203 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.3%, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 16.4%.
Housing Supply in 22203, VA
How many homes are available in 22203, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 68 | 63 | -7.4% |
Summary: The 22203 real estate market had 63 homes for sale in November 2024, a 7.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 24 | 25 | +4.2% |
| 2 Bedrooms | 24 | 18 | -25.0% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 22203 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.2%, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 16 | -23.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22203, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in 22203 in November 2024, down by 23.8% month-over-month. Of the 16 sold homes, 44% were sold under asking, 25% were sold at asking, and 31% were sold over asking.
Days on Market for 22203, VA
How long does it take to sell a home in 22203, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 38 Days | 15 Days | -58.4% |
Summary: Homes in 22203 had an average of 15 days on market in Nov 2024, down by 58.4% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 22203 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 16 homes were sold in 22203; 94% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
