$10,000 Closing Credit*
$1,145,000
2,232 SqFt
3 Beds
•2 Full Baths, 1 Partial
Ann Marie Wilson, Listing Office: CENTURY 21 New Millennium
Is 22203, 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, 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
$690,666
$492/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$120,666(+21.2%)
Key Takeaway
Homes in 22203 have sold for 21.2% more than they did a year ago.
Summary: The median home sold price in 22203 was $690,666 in October 2024, up 21.2% from last year, and the median price per square foot was $492.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $325.9K | $294.9K | -9.5% |
| 2 Bedrooms | $570K | $586K | +2.8% |
| 3 Bedrooms | $897.5K | $993K | +10.6% |
| 4 Bedrooms | $1.1M | $1.2M | +9.1% |
| 5+ Bedrooms | $1.4M | $1.5M | +6.8% |
Summary: 22203 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.5%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 6.8%.
Housing Supply in 22203, VA
How many homes are available in 22203, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 58 | 70 | +20.7% |
Summary: The 22203 real estate market had 70 homes for sale in October 2024, a 20.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 20 | 23 | +15.0% |
| 2 Bedrooms | 20 | 24 | +20.0% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 4 | 7 | +75.0% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The 22203 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15%, 2 bedroom homes increased by 20%, 3 bedroom homes remained the same, 4 bedroom homes increased by 75%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 19 | +18.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22203, expect to pay close to the asking price. 42.1% of homes here sold near the asking price last month.
Summary: A total of 19 homes were sold or pending in 22203 in October 2024, up by 18.8% month-over-month. Of the 19 sold homes, 26% were sold under asking, 42% were sold at asking, and 32% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 27 Days | +145.7% |
Summary: Homes in 22203 had an average of 27 days on market in Oct 2024, up by 145.7% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 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 October 2024, 19 homes were sold in 22203; 74% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
