$10,000 Closing Credit*
$1,037,500
1,377 SqFt
3 Beds
•2 Full Baths
Jane J Morrison
Is 22205, 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, 22205 has remained a Seller's Market.
Key Takeaway
22205 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 22205, VA
How much do homes in 22205, VA cost?
Median Sold Price
$1,268,000
$483/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$208,000(+19.6%)
Key Takeaway
Homes in 22205 have sold for 19.6% more than they did a year ago.
Summary: The median home sold price in 22205 was $1,268,000 in October 2024, up 19.6% from last year, and the median price per square foot was $483.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $850K | $820K | -3.5% |
| 3 Bedrooms | $877.5K | $1.0M | +16.8% |
| 4 Bedrooms | $1.1M | $1.2M | +7.8% |
| 5+ Bedrooms | $1.6M | $1.8M | +15.0% |
Summary: 22205 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.5%, 3 bedroom homes increased by 16.8%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 15%.
Housing Supply in 22205, VA
How many homes are available in 22205, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 39 | +5.4% |
Summary: The 22205 real estate market had 39 homes for sale in October 2024, a 5.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 11 | 12 | +9.1% |
| 4 Bedrooms | 6 | 10 | +66.7% |
| 5+ Bedrooms | 17 | 14 | -17.6% |
Summary: The 22205 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes decreased by 17.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 14 | +7.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22205, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 14 homes were sold or pending in 22205 in October 2024, up by 7.7% month-over-month. Of the 14 sold homes, 14% were sold under asking, 50% were sold at asking, and 36% were sold over asking.
Days on Market for 22205, VA
How long does it take to sell a home in 22205, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 28 Days | +62.6% |
Summary: Homes in 22205 had an average of 28 days on market in Oct 2024, up by 62.6% compared to last year.
Breakdown of Home Sale Times
11 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 22205 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 14 homes were sold in 22205; 79% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
