$5,344 Closing Credit*
$450,000
1,084 SqFt
2 Beds
•2 Full Baths
Jumana Mahmoud, Listing Office: Redfin Corporation
Is 22303, 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, 22303 has remained a Seller's Market.
Key Takeaway
22303 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 22303, VA
How much do homes in 22303, VA cost?
Median Sold Price
$488,000
$408/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$57,000(+13.2%)
Key Takeaway
Homes in 22303 have sold for 13.2% more than they did a year ago.
Summary: The median home sold price in 22303 was $488,000 in October 2024, up 13.2% from last year, and the median price per square foot was $408.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $300K | $324.5K | +8.2% |
| 2 Bedrooms | $444.2K | $485K | +9.2% |
| 3 Bedrooms | $570K | $601K | +5.4% |
| 4 Bedrooms | $535K | $675K | +26.2% |
| 5+ Bedrooms | $920K | $850K | -7.6% |
Summary: 22303 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.2%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 26.2%, and 5+ bedroom homes decreased by 7.6%.
Housing Supply in 22303, VA
How many homes are available in 22303, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 60 | 73 | +21.7% |
Summary: The 22303 real estate market had 73 homes for sale in October 2024, a 21.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 15 | +66.7% |
| 2 Bedrooms | 28 | 35 | +25.0% |
| 3 Bedrooms | 15 | 15 | 0.0% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 22303 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 25%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 21 | +16.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22303, you may be able to get a good deal. 38.1% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in 22303 in October 2024, up by 16.7% month-over-month. Of the 21 sold homes, 38% were sold under asking, 29% were sold at asking, and 33% were sold over asking.
Days on Market for 22303, VA
How long does it take to sell a home in 22303, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 12 Days | 19 Days | +53.9% |
Summary: Homes in 22303 had an average of 19 days on market in Oct 2024, up by 53.9% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 22303 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 21 homes were sold in 22303; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
