$59 Closing Credit*
$5,000
1,372 SqFt
3 Beds
•3 Full Baths, 1 Partial
Bruce E Toliver, Listing Office: Elite
Is 22315, 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, 22315 has remained a Seller's Market.
Key Takeaway
22315 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 22315, VA
How much do homes in 22315, VA cost?
Median Sold Price
$675,000
$341/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$53,666(+8.6%)
Key Takeaway
Homes in 22315 have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in 22315 was $675,000 in October 2024, up 8.6% from last year, and the median price per square foot was $341.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $288K | $301.5K | +4.7% |
| 2 Bedrooms | $435K | $460K | +5.7% |
| 3 Bedrooms | $629.5K | $672.5K | +6.8% |
| 4 Bedrooms | $705K | $795K | +12.8% |
| 5+ Bedrooms | $838.2K | $1.0M | +25.9% |
Summary: 22315 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.7%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 25.9%.
Housing Supply in 22315, VA
How many homes are available in 22315, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 64 | 82 | +28.1% |
Summary: The 22315 real estate market had 82 homes for sale in October 2024, a 28.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 17 | 22 | +29.4% |
| 3 Bedrooms | 35 | 45 | +28.6% |
| 4 Bedrooms | 8 | 11 | +37.5% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The 22315 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 29.4%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 25 | -3.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22315, you could pay more than the asking price. 40% of homes here sold above asking price last month.
Summary: A total of 25 homes were sold or pending in 22315 in October 2024, down by 3.8% month-over-month. Of the 25 sold homes, 24% were sold under asking, 36% were sold at asking, and 40% were sold over asking.
Days on Market for 22315, VA
How long does it take to sell a home in 22315, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 17 Days | -6.8% |
Summary: Homes in 22315 had an average of 17 days on market in Oct 2024, down by 6.8% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 22315 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 25 homes were sold in 22315; 80% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
