$10,000 Closing Credit*
$998,000
2,204 SqFt
3 Beds
•2 Full Baths
Tana M Keeffe, Listing Office: Compass
Is 22204, 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, 22204 has remained a Seller's Market.
Key Takeaway
22204 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 22204, VA
How much do homes in 22204, VA cost?
Median Sold Price
$650,000
$436/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$42,500(+7.0%)
Key Takeaway
Homes in 22204 have sold for 7% more than they did a year ago.
Summary: The median home sold price in 22204 was $650,000 in October 2024, up 7% from last year, and the median price per square foot was $436.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $245K | $327K | +33.5% |
| 2 Bedrooms | $455.5K | $522.5K | +14.7% |
| 3 Bedrooms | $758K | $755K | -0.4% |
| 4 Bedrooms | $965K | $962.5K | -0.3% |
| 5+ Bedrooms | $1.3M | $1.0M | -18.5% |
Summary: 22204 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.5%, 2 bedroom homes increased by 14.7%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes decreased by 18.5%.
Housing Supply in 22204, VA
How many homes are available in 22204, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 92 | 108 | +17.4% |
Summary: The 22204 real estate market had 108 homes for sale in October 2024, a 17.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 18 | +28.6% |
| 2 Bedrooms | 24 | 31 | +29.2% |
| 3 Bedrooms | 18 | 24 | +33.3% |
| 4 Bedrooms | 20 | 18 | -10.0% |
| 5+ Bedrooms | 16 | 17 | +6.3% |
Summary: The 22204 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 29.2%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 6.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 21 | -12.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22204, you could pay more than the asking price. 52.4% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in 22204 in October 2024, down by 12.5% month-over-month. Of the 21 sold homes, 24% were sold under asking, 24% were sold at asking, and 52% were sold over asking.
Days on Market for 22204, VA
How long does it take to sell a home in 22204, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 17 Days | +12.8% |
Summary: Homes in 22204 had an average of 17 days on market in Oct 2024, up by 12.8% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 22204 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 21 homes were sold in 22204; 86% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
