$10,000 Closing Credit*
$939,000
1,964 SqFt
3 Beds
•2 Full Baths, 1 Partial
Kerry A Adams, Listing Office: Compass
Is 22305, 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, 22305 has remained a Seller's Market.
Key Takeaway
22305 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 22305, VA
How much do homes in 22305, VA cost?
Median Sold Price
$795,000
$499/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$46,999(+6.3%)
Key Takeaway
Homes in 22305 have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in 22305 was $795,000 in October 2024, up 6.3% from last year, and the median price per square foot was $499.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $245K | $300K | +22.4% |
| 2 Bedrooms | $666K | $605K | -9.2% |
| 3 Bedrooms | $765K | $800K | +4.6% |
| 4 Bedrooms | $1.1M | $1.0M | -11.0% |
| 5+ Bedrooms | $1.7M | $1.7M | +0.7% |
Summary: 22305 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.4%, 2 bedroom homes decreased by 9.2%, 3 bedroom homes increased by 4.6%, 4 bedroom homes decreased by 11%, and 5+ bedroom homes increased by 0.7%.
Housing Supply in 22305, VA
How many homes are available in 22305, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 37 | +12.1% |
Summary: The 22305 real estate market had 37 homes for sale in October 2024, a 12.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 5 | +150.0% |
| 2 Bedrooms | 7 | 10 | +42.9% |
| 3 Bedrooms | 17 | 16 | -5.9% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 22305 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes increased by 42.9%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 11 | +57.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22305, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in 22305 in October 2024, up by 57.1% month-over-month. Of the 11 sold homes, 36% were sold under asking, 18% were sold at asking, and 45% were sold over asking.
Days on Market for 22305, VA
How long does it take to sell a home in 22305, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 10 Days | 21 Days | +106.0% |
Summary: Homes in 22305 had an average of 21 days on market in Oct 2024, up by 106% compared to last year.
Breakdown of Home Sale Times
7 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 22305 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in 22305; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
