$7,363 Closing Credit*
$620,000
1,500 SqFt
2 Beds
•2 Full Baths
Linda Murphy, Listing Office: Corcoran McEnearney
Is 22206, 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, 22206 has remained a Seller's Market.
Key Takeaway
22206 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 22206, VA
How much do homes in 22206, VA cost?
Median Sold Price
$575,000
$443/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$26,550(+4.8%)
Key Takeaway
Homes in 22206 have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in 22206 was $575,000 in October 2024, up 4.8% from last year, and the median price per square foot was $443.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | $389.9K | +11.4% |
| 2 Bedrooms | $545K | $597.5K | +9.6% |
| 3 Bedrooms | $701K | $701.2K | 0.0% |
| 4 Bedrooms | $895K | $785K | -12.3% |
| 5+ Bedrooms | $1.4M | $1.1M | -24.8% |
Summary: 22206 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.4%, 2 bedroom homes increased by 9.6%, 3 bedroom homes did not change, 4 bedroom homes decreased by 12.3%, and 5+ bedroom homes decreased by 24.8%.
Housing Supply in 22206, VA
How many homes are available in 22206, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 47 | 44 | -6.4% |
Summary: The 22206 real estate market had 44 homes for sale in October 2024, a 6.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 8 | +14.3% |
| 2 Bedrooms | 28 | 26 | -7.1% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 22206 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 17 | -15.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22206, you may be able to get a good deal. 41.2% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in 22206 in October 2024, down by 15.0% month-over-month. Of the 17 sold homes, 41% were sold under asking, 41% were sold at asking, and 18% were sold over asking.
Days on Market for 22206, VA
How long does it take to sell a home in 22206, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 15 Days | +9.2% |
Summary: Homes in 22206 had an average of 15 days on market in Oct 2024, up by 9.2% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 22206 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 17 homes were sold in 22206; 88% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
