Is 22309, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 22309 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 22309 has remained a Seller's Market.

Key Takeaway

22309 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 22309, VA

How much do homes in 22309, VA cost?

Median Sold Price

$585,000

$311/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$40,500(+7.4%)

Key Takeaway

Homes in 22309 have sold for 7.4% more than they did a year ago.

Summary: The median home sold price in 22309 was $585,000 in December 2024, up 7.4% from last year, and the median price per square foot was $311.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $200K$215K
+7.5%
2 $260K$275K
+5.8%
3 $460K$530.1K
+15.2%
4 $749.5K$724.5K
-3.3%
5+ $915K$930K
+1.6%

Summary: 22309 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.5%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 15.2%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes increased by 1.6%.

Median Sold Price Compared To Nearby Zip Codes

22306
+14.3%
20616
+7.7%
22309
+7.4%
22308
+6.7%

Housing Supply in 22309, VA

How many homes are available in 22309, VA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
7469-6.8%

Summary: The 22309 real estate market had 69 homes for sale in December 2024, a 6.8% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 31
-66.7%
2 2122
+4.8%
3 1819
+5.6%
4 2319
-17.4%
5+ 98
-11.1%

Summary: The 22309 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 17.4%, and 5+ bedroom homes decreased by 11.1%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
2418-25.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 22309, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 18 homes were sold or pending in 22309 in December 2024, down by 25.0% month-over-month. Of the 18 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% were sold over asking.

Days on Market for 22309, VA

How long does it take to sell a home in 22309, VA?

Average Sale Time

Dec 2023Dec 2024CHANGE
25 Days25 Days-0.6%

Summary: Homes in 22309 had an average of 25 days on market in Dec 2024, down by 0.6% compared to last year.

Breakdown of Home Sale Times

13 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 22309 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 18 homes were sold in 22309; 72% of homes were sold within 30 days, 22% 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 8 Days Ago

Newest Listings in 22309, VA

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