$2,375 Closing Credit*
$199,999
784 SqFt
1 Bed
•1 Full Bath
Melissa Govoruhk, Listing Office: eXp Realty LLC
Is 22302, 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, 22302 has remained a Seller's Market.
Key Takeaway
22302 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 22302, VA
How much do homes in 22302, VA cost?
Median Sold Price
$404,500
$421/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$500(-0.1%)
Key Takeaway
The sold price of homes in 22302 has remained the same since last year.
Summary: The median home sold price in 22302 was $404,500 in October 2024, down 0.1% from last year, and the median price per square foot was $421.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $300K | $300K | 0.0% |
| 2 Bedrooms | $420K | $416K | -1.0% |
| 3 Bedrooms | $812.5K | $675K | -16.9% |
| 4 Bedrooms | $1.1M | $985K | -16.0% |
| 5+ Bedrooms | $1.8M | $1.6M | -7.7% |
Summary: 22302 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 1%, 3 bedroom homes decreased by 16.9%, 4 bedroom homes decreased by 16%, and 5+ bedroom homes decreased by 7.7%.
Housing Supply in 22302, VA
How many homes are available in 22302, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 68 | 74 | +8.8% |
Summary: The 22302 real estate market had 74 homes for sale in October 2024, a 8.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 28 | 27 | -3.6% |
| 2 Bedrooms | 21 | 24 | +14.3% |
| 3 Bedrooms | 7 | 11 | +57.1% |
| 4 Bedrooms | 7 | 4 | -42.9% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The 22302 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 3.6%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 57.1%, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 15 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22302, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 15 homes were sold or pending in 22302 in October 2024, down by 25.0% month-over-month. Of the 15 sold homes, 13% were sold under asking, 60% were sold at asking, and 27% were sold over asking.
Days on Market for 22302, VA
How long does it take to sell a home in 22302, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 29 Days | +145.6% |
Summary: Homes in 22302 had an average of 29 days on market in Oct 2024, up by 145.6% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 22302 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 15 homes were sold in 22302; 73% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
