Is 22314, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 22314 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 22314 has remained a Seller's Market.

Key Takeaway

22314 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 22314, VA

How much do homes in 22314, VA cost?

Median Sold Price

$885,220

$601/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$98,586(+12.5%)

Key Takeaway

Homes in 22314 have sold for 12.5% more than they did a year ago.

Summary: The median home sold price in 22314 was $885,220 in October 2024, up 12.5% from last year, and the median price per square foot was $601.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $427.3K$422.2K
-1.2%
2 $730.9K$788.3K
+7.9%
3 $1.0M$1.1M
+9.7%
4 $1.2M$1.5M
+27.0%
5+ $2.4M$2.0M
-15.3%

Summary: 22314 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.2%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 27%, and 5+ bedroom homes decreased by 15.3%.

Median Sold Price Compared To Nearby Zip Codes

22303
+13.2%
22314
+12.5%
22301
-1.6%

Housing Supply in 22314, VA

How many homes are available in 22314, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
145182+25.5%

Summary: The 22314 real estate market had 182 homes for sale in October 2024, a 25.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 2939
+34.5%
2 5164
+25.5%
3 5460
+11.1%
4 916
+77.8%
5+ 23
+50.0%

Summary: The 22314 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 34.5%, 2 bedroom homes increased by 25.5%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 77.8%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3448+41.2%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 22314, expect to pay close to the asking price. 35.4% of homes here sold near the asking price last month.

Summary: A total of 48 homes were sold or pending in 22314 in October 2024, up by 41.2% month-over-month. Of the 48 sold homes, 29% were sold under asking, 35% were sold at asking, and 35% were sold over asking.

Days on Market for 22314, VA

How long does it take to sell a home in 22314, VA?

Average Sale Time

Oct 2023Oct 2024CHANGE
20 Days17 Days-15.4%

Summary: Homes in 22314 had an average of 17 days on market in Oct 2024, down by 15.4% compared to last year.

Breakdown of Home Sale Times

42 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 22314 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 48 homes were sold in 22314; 88% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 4% 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 4 Days Ago

Newest Listings in 22314, VA

Nearby Markets to 22314, VA