$5,225 Closing Credit*
$440,000
962 SqFt
2 Beds
•2 Full Baths
Jorge E Reyna, Listing Office: Meyers & McCabe Realtors
Is 22311, 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, 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
$736,000
$387/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$28,500(+4.0%)
Key Takeaway
Homes in 22311 have sold for 4% more than they did a year ago.
Summary: The median home sold price in 22311 was $736,000 in October 2024, up 4% from last year, and the median price per square foot was $387.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $314K | $315K | 0.3% |
| 2 Bedrooms | $412K | $451K | +9.5% |
| 3 Bedrooms | $744.7K | $793.6K | +6.6% |
| 4 Bedrooms | $925K | $890K | -3.8% |
| 5+ Bedrooms | $1.2M | $900K | -26.4% |
Summary: 22311 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.3%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 6.6%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes decreased by 26.4%.
Housing Supply in 22311, VA
How many homes are available in 22311, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 26 | 0.0% |
Summary: The 22311 real estate market had 26 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 7 | 10 | +42.9% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 4 | 1 | -75.0% |
Summary: The 22311 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 increased by 42.9%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 75%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 12 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22311, expect to pay close to the asking price. 41.7% of homes here sold near the asking price last month.
Summary: A total of 12 homes were sold or pending in 22311 in October 2024, up by 33.3% month-over-month. Of the 12 sold homes, 25% were sold under asking, 42% were sold at asking, and 33% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 19 Days | +46.1% |
Summary: Homes in 22311 had an average of 19 days on market in Oct 2024, up by 46.1% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 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 October 2024, 12 homes were sold in 22311; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
