Is 22206, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 22206 is a 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

# BEDSOct 2023Oct 2024CHANGE
1 $350K$389.9K
+11.4%
2 $545K$597.5K
+9.6%
3 $701K$701.2K
0.0%
4 $895K$785K
-12.3%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

22204
+7.0%
22305
+6.3%
22202
+5.1%
22206
+4.8%
22302
-0.1%

Housing Supply in 22206, VA

How many homes are available in 22206, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4744-6.4%

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

# BEDSSep 2024Oct 2024CHANGE
1 78
+14.3%
2 2826
-7.1%
3 87
-12.5%
4 32
-33.3%
5+ 11
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 2024Oct 2024CHANGE
2017-15.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2023Oct 2024CHANGE
14 Days15 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in 22206, VA

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