$10,000 Closing Credit*
$1,550,000
3,428 SqFt
5 Beds
•4 Full Baths, 1 Partial
Jacqueline Grace Redding, Listing Office: KW Metro Center
Is 22301, 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, 22301 has remained a Seller's Market.
Key Takeaway
22301 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 22301, VA
How much do homes in 22301, VA cost?
Median Sold Price
$940,000
$597/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$15,000(-1.6%)
Key Takeaway
Homes in 22301 have sold for 1.6% less than they did a year ago.
Summary: The median home sold price in 22301 was $940,000 in October 2024, down 1.6% from last year, and the median price per square foot was $597.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $519.4K | $584.4K | +12.5% |
| 2 Bedrooms | $834K | $795K | -4.7% |
| 3 Bedrooms | $948K | $925.5K | -2.4% |
| 4 Bedrooms | $1.2M | $1.3M | +9.6% |
| 5+ Bedrooms | $1.8M | $1.7M | -6.5% |
Summary: 22301 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.5%, 2 bedroom homes decreased by 4.7%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes decreased by 6.5%.
Housing Supply in 22301, VA
How many homes are available in 22301, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 36 | 44 | +22.2% |
Summary: The 22301 real estate market had 44 homes for sale in October 2024, a 22.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 9 | 6 | -33.3% |
| 3 Bedrooms | 11 | 21 | +90.9% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The 22301 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 decreased by 33.3%, 3 bedroom homes increased by 90.9%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 10 | +25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22301, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in 22301 in October 2024, up by 25.0% month-over-month. Of the 10 sold homes, 10% were sold under asking, 30% were sold at asking, and 60% were sold over asking.
Days on Market for 22301, VA
How long does it take to sell a home in 22301, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 8 Days | -42.4% |
Summary: Homes in 22301 had an average of 8 days on market in Oct 2024, down by 42.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 22301 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in 22301; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
