$5,926 Closing Credit*
$499,000
1,210 SqFt
2 Beds
•2 Full Baths
Dillon B Clark, Listing Office: RE/MAX Allegiance
Is 22311, 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, 22311 has remained a Seller's Market.
Key Takeaway
22311 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 22311, VA
How much do homes in 22311, VA cost?
Median Sold Price
$715,000
$390/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$11,000(-1.5%)
Key Takeaway
Homes in 22311 have sold for 1.5% less than they did a year ago.
Summary: The median home sold price in 22311 was $715,000 in November 2024, down 1.5% from last year, and the median price per square foot was $390.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $314K | $315K | 0.3% |
| 2 Bedrooms | $416.5K | $452K | +8.5% |
| 3 Bedrooms | $749K | $788.1K | +5.2% |
| 4 Bedrooms | $925.8K | $890K | -3.9% |
| 5+ Bedrooms | $1.1M | $850K | -26.1% |
Summary: 22311 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.3%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 5.2%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes decreased by 26.1%.
Housing Supply in 22311, VA
How many homes are available in 22311, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 15 | -37.5% |
Summary: The 22311 real estate market had 15 homes for sale in November 2024, a 37.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 1 | -83.3% |
| 2 Bedrooms | 9 | 6 | -33.3% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 22311 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 83.3%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 7 | -41.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 22311, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 22311 in November 2024, down by 41.7% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for 22311, VA
How long does it take to sell a home in 22311, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 15 Days | 24 Days | +60.0% |
Summary: Homes in 22311 had an average of 24 days on market in Nov 2024, up by 60% compared to last year.
Breakdown of Home Sale Times
4 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 22311 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in 22311; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
