Is 22306, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 22306 is a 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

# BEDSOct 2023Oct 2024CHANGE
1 $175K$190K
+8.6%
2 $476K$390K
-18.1%
3 $577K$622.5K
+7.9%
4 $688K$748.2K
+8.8%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

22306
+14.1%
22303
+13.2%
22310
+6.9%
22308
+5.7%
22307
+5.2%

Housing Supply in 22306, VA

How many homes are available in 22306, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7074+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

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 97
-22.2%
3 1928
+47.4%
4 2116
-23.8%
5+ 2021
+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 2024Oct 2024CHANGE
1516+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

Asking vs Sold - buyer

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 2023Oct 2024CHANGE
29 Days23 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in 22306, VA

Nearby Markets to 22306, VA