$9,844 Closing Credit*
$829,000
1,604 SqFt
3 Beds
•2 Full Baths
Mahnoor Fida Malik, Listing Office: 1ST Down Real Estate Group, LLC.
Is 22308, 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, 22308 has remained a Seller's Market.
Key Takeaway
22308 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 22308, VA
How much do homes in 22308, VA cost?
Median Sold Price
$922,500
$396/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$50,000(+5.7%)
Key Takeaway
Homes in 22308 have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in 22308 was $922,500 in October 2024, up 5.7% from last year, and the median price per square foot was $396.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.2M | - | N/A |
| 2 Bedrooms | $665K | $762.5K | +14.7% |
| 3 Bedrooms | $725K | $825K | +13.8% |
| 4 Bedrooms | $855K | $915K | +7.0% |
| 5+ Bedrooms | $1.1M | $1.2M | +18.1% |
Summary: 22308 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.7%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 18.1%.
Housing Supply in 22308, VA
How many homes are available in 22308, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 35 | 34 | -2.9% |
Summary: The 22308 real estate market had 34 homes for sale in October 2024, a 2.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 17 | 17 | 0.0% |
| 5+ Bedrooms | 12 | 10 | -16.7% |
Summary: The 22308 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22308, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 22308 in October 2024, down by 20.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% were sold over asking.
Days on Market for 22308, VA
How long does it take to sell a home in 22308, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 57 Days | +174.2% |
Summary: Homes in 22308 had an average of 57 days on market in Oct 2024, up by 174.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 22308 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in 22308; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
