$8,311 Closing Credit*
$699,900
1,220 SqFt
2 Beds
•2 Full Baths
Christina A Wood, Listing Office: EXP Realty, LLC
Is 22314, 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, 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
$879,562
$598/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$81,162(+10.2%)
Key Takeaway
Homes in 22314 have sold for 10.2% more than they did a year ago.
Summary: The median home sold price in 22314 was $879,562 in November 2024, up 10.2% from last year, and the median price per square foot was $598.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $425K | $431.5K | +1.5% |
| 2 Bedrooms | $750K | $790K | +5.3% |
| 3 Bedrooms | $1.0M | $1.1M | +9.3% |
| 4 Bedrooms | $1.2M | $1.4M | +22.7% |
| 5+ Bedrooms | $2.5M | $2.0M | -17.7% |
Summary: 22314 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.5%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 22.7%, and 5+ bedroom homes decreased by 17.7%.
Housing Supply in 22314, VA
How many homes are available in 22314, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 171 | 156 | -8.8% |
Summary: The 22314 real estate market had 156 homes for sale in November 2024, a 8.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 38 | 36 | -5.3% |
| 2 Bedrooms | 59 | 57 | -3.4% |
| 3 Bedrooms | 58 | 47 | -19.0% |
| 4 Bedrooms | 13 | 14 | +7.7% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 22314 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 5.3%, 2 bedroom homes decreased by 3.4%, 3 bedroom homes decreased by 19%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 51 | 47 | -7.8% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22314, you may be able to get a good deal. 51.1% of homes here sold below asking price last month.
Summary: A total of 47 homes were sold or pending in 22314 in November 2024, down by 7.8% month-over-month. Of the 47 sold homes, 51% were sold under asking, 28% were sold at asking, and 21% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 24 Days | -1.3% |
Summary: Homes in 22314 had an average of 24 days on market in Nov 2024, down by 1.3% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 22314 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 47 homes were sold in 22314; 70% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
