$9,963 Closing Credit*
$839,000
2,240 SqFt
3 Beds
•2 Full Baths, 2 Partial
Luis A Ponce, Listing Office: Smart Realty, LLC
Is 22306, 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, 22306 has remained a Seller's Market.
Key Takeaway
22306 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 22306, VA
How much do homes in 22306, VA cost?
Median Sold Price
$700,000
$336/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$86,567(+14.1%)
Key Takeaway
Homes in 22306 have sold for 14.1% more than they did a year ago.
Summary: The median home sold price in 22306 was $700,000 in October 2024, up 14.1% from last year, and the median price per square foot was $336.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $190K | +8.6% |
| 2 Bedrooms | $476K | $390K | -18.1% |
| 3 Bedrooms | $577K | $622.5K | +7.9% |
| 4 Bedrooms | $688K | $748.2K | +8.8% |
| 5+ Bedrooms | $800K | $794K | -0.8% |
Summary: 22306 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.6%, 2 bedroom homes decreased by 18.1%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes decreased by 0.8%.
Housing Supply in 22306, VA
How many homes are available in 22306, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 70 | 74 | +5.7% |
Summary: The 22306 real estate market had 74 homes for sale in October 2024, a 5.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 9 | 7 | -22.2% |
| 3 Bedrooms | 19 | 28 | +47.4% |
| 4 Bedrooms | 21 | 16 | -23.8% |
| 5+ Bedrooms | 20 | 21 | +5.0% |
Summary: The 22306 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 22.2%, 3 bedroom homes increased by 47.4%, 4 bedroom homes decreased by 23.8%, and 5+ bedroom homes increased by 5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 16 | +6.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22306, expect to pay close to the asking price. 43.8% of homes here sold near the asking price last month.
Summary: A total of 16 homes were sold or pending in 22306 in October 2024, up by 6.7% month-over-month. Of the 16 sold homes, 31% were sold under asking, 44% were sold at asking, and 25% were sold over asking.
Days on Market for 22306, VA
How long does it take to sell a home in 22306, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 23 Days | -22.2% |
Summary: Homes in 22306 had an average of 23 days on market in Oct 2024, down by 22.2% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 22306 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 16 homes were sold in 22306; 69% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
