$8,609 Closing Credit*
$725,000
1,470 SqFt
2 Beds
•2 Full Baths
Stephen B Kindrick, Listing Office: Long & Foster Real Estate, Inc.
Is 22314, 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, 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
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $427.3K | $422.2K | -1.2% |
| 2 Bedrooms | $730.9K | $788.3K | +7.9% |
| 3 Bedrooms | $1.0M | $1.1M | +9.7% |
| 4 Bedrooms | $1.2M | $1.5M | +27.0% |
| 5+ Bedrooms | $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%.
Housing Supply in 22314, VA
How many homes are available in 22314, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 145 | 182 | +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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 29 | 39 | +34.5% |
| 2 Bedrooms | 51 | 64 | +25.5% |
| 3 Bedrooms | 54 | 60 | +11.1% |
| 4 Bedrooms | 9 | 16 | +77.8% |
| 5+ Bedrooms | 2 | 3 | +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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 48 | +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
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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 17 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
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.
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