$4,975,000
6,700 SqFt
6 Beds
•8 Full Baths, 1 Partial
Jonathan Minerick, Listing Office: Homecoin.com
Is 22207, 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, 22207 has remained a Seller's Market.
Key Takeaway
22207 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 22207, VA
How much do homes in 22207, VA cost?
Median Sold Price
$1,333,500
$467/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$1,500(-0.1%)
Key Takeaway
The sold price of homes in 22207 has remained the same since last year.
Summary: The median home sold price in 22207 was $1,333,500 in October 2024, down 0.1% from last year, and the median price per square foot was $467.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $253K | $250K | -1.2% |
| 2 Bedrooms | $617.5K | $767.5K | +24.3% |
| 3 Bedrooms | $1.0M | $1.1M | +10.0% |
| 4 Bedrooms | $1.2M | $1.3M | +4.9% |
| 5+ Bedrooms | $1.9M | $2.1M | +9.7% |
Summary: 22207 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.2%, 2 bedroom homes increased by 24.3%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 9.7%.
Housing Supply in 22207, VA
How many homes are available in 22207, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 93 | 99 | +6.5% |
Summary: The 22207 real estate market had 99 homes for sale in October 2024, a 6.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 6 | -14.3% |
| 2 Bedrooms | 9 | 10 | +11.1% |
| 3 Bedrooms | 12 | 16 | +33.3% |
| 4 Bedrooms | 15 | 15 | 0.0% |
| 5+ Bedrooms | 50 | 52 | +4.0% |
Summary: The 22207 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 22 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22207, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in 22207 in October 2024, the same as the previous month. Of the 22 sold homes, 23% were sold under asking, 32% were sold at asking, and 45% were sold over asking.
Days on Market for 22207, VA
How long does it take to sell a home in 22207, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 31 Days | +58.0% |
Summary: Homes in 22207 had an average of 31 days on market in Oct 2024, up by 58% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 22207 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 22 homes were sold in 22207; 77% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
