$8,063 Closing Credit*
$679,000
1,296 SqFt
3 Beds
•2 Full Baths
Lana De Moraes Africano, Listing Office: Compass
Is 22308, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$918,750
$395/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$46,250(+5.3%)
Key Takeaway
Homes in 22308 have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in 22308 was $918,750 in November 2024, up 5.3% from last year, and the median price per square foot was $395.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.2M | - | N/A |
| 2 Bedrooms | $665K | $762.5K | +14.7% |
| 3 Bedrooms | $725K | $826K | +13.9% |
| 4 Bedrooms | $855K | $913K | +6.8% |
| 5+ Bedrooms | $1.0M | $1.2M | +16.1% |
Summary: 22308 housing prices by bedroom type for November 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 13.9%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 16.1%.
Housing Supply in 22308, VA
How many homes are available in 22308, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 26 | -16.1% |
Summary: The 22308 real estate market had 26 homes for sale in November 2024, a 16.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 15 | 12 | -20.0% |
| 5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The 22308 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 22308, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 22308 in November 2024, down by 40.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 40 Days | 37 Days | -8.5% |
Summary: Homes in 22308 had an average of 37 days on market in Nov 2024, down by 8.5% compared to last year.
Breakdown of Home Sale Times
3 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 22308 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in 22308; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
