$3,739 Closing Credit*
$314,900
694 SqFt
1 Bed
•1 Full Bath
Alexandra Garrison, Listing Office: Coldwell Banker Realty
Is 22302, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$405,000
$427/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,000(+1.3%)
Key Takeaway
Homes in 22302 have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in 22302 was $405,000 in November 2024, up 1.3% from last year, and the median price per square foot was $427.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $300K | $300K | 0.0% |
| 2 Bedrooms | $420K | $422K | 0.5% |
| 3 Bedrooms | $765.7K | $705K | -7.9% |
| 4 Bedrooms | $1.1M | $1.0M | -8.4% |
| 5+ Bedrooms | $1.6M | $1.7M | +3.0% |
Summary: 22302 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.5%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes decreased by 8.4%, and 5+ bedroom homes increased by 3%.
Housing Supply in 22302, VA
How many homes are available in 22302, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 70 | 67 | -4.3% |
Summary: The 22302 real estate market had 67 homes for sale in November 2024, a 4.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 25 | 17 | -32.0% |
| 2 Bedrooms | 21 | 23 | +9.5% |
| 3 Bedrooms | 11 | 13 | +18.2% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The 22302 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 32%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 21 | +40.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22302, you could pay more than the asking price. 38.1% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in 22302 in November 2024, up by 40.0% month-over-month. Of the 21 sold homes, 29% were sold under asking, 33% were sold at asking, and 38% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 18 Days | -2.8% |
Summary: Homes in 22302 had an average of 18 days on market in Nov 2024, down by 2.8% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 22302 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 21 homes were sold in 22302; 76% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
