$2,671 Closing Credit*
$224,900
592 SqFt
1 Bed
•1 Full Bath
Debbie P Kent, Listing Office: Cottage Street Realty LLC
Is 22309, 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, 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
$309/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$48,000(+8.9%)
Key Takeaway
Homes in 22309 have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in 22309 was $585,000 in October 2024, up 8.9% from last year, and the median price per square foot was $309.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $204K | $211K | +3.4% |
| 2 Bedrooms | $260K | $275K | +5.8% |
| 3 Bedrooms | $450K | $535.5K | +19.0% |
| 4 Bedrooms | $730K | $749.5K | +2.7% |
| 5+ Bedrooms | $883.5K | $945K | +7.0% |
Summary: 22309 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.4%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 7%.
Housing Supply in 22309, VA
How many homes are available in 22309, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 91 | 88 | -3.3% |
Summary: The 22309 real estate market had 88 homes for sale in October 2024, a 3.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 20 | 16 | -20.0% |
| 3 Bedrooms | 25 | 23 | -8.0% |
| 4 Bedrooms | 26 | 32 | +23.1% |
| 5+ Bedrooms | 17 | 12 | -29.4% |
Summary: The 22309 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 8%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes decreased by 29.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 29 | 0.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22309, you may be able to get a good deal. 34.5% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in 22309 in October 2024, the same as the previous month. Of the 29 sold homes, 34% were sold under asking, 31% were sold at asking, and 34% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 23 Days | +78.1% |
Summary: Homes in 22309 had an average of 23 days on market in Oct 2024, up by 78.1% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 22309 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 29 homes were sold in 22309; 79% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
