$4,928 Closing Credit*
$415,000
1,935 SqFt
2 Beds
•3 Full Baths, 1 Partial
Stephanie A Hiner, Listing Office: Berkshire Hathaway HomeServices PenFed Realty
Is 22401, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 22401 was a Seller's Market.
Key Takeaway
22401 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 22401, VA
How much do homes in 22401, VA cost?
Median Sold Price
$445,000
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$2,550(+0.6%)
Key Takeaway
Homes in 22401 have sold for 0.6% more than they did a year ago.
Summary: The median home sold price in 22401 was $445,000 in October 2024, up 0.6% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | $265K | -24.3% |
| 2 Bedrooms | $322.5K | $325K | +0.8% |
| 3 Bedrooms | $426K | $430K | +0.9% |
| 4 Bedrooms | $520K | $536.2K | +3.1% |
| 5+ Bedrooms | $650K | $685K | +5.4% |
Summary: 22401 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.3%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 5.4%.
Housing Supply in 22401, VA
How many homes are available in 22401, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 88 | 106 | +20.5% |
Summary: The 22401 real estate market had 106 homes for sale in October 2024, a 20.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 10 | +11.1% |
| 3 Bedrooms | 33 | 44 | +33.3% |
| 4 Bedrooms | 28 | 34 | +21.4% |
| 5+ Bedrooms | 17 | 17 | 0.0% |
Summary: The 22401 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 11.1%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 16 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22401, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 16 homes were sold or pending in 22401 in October 2024, the same as the previous month. Of the 16 sold homes, 38% were sold under asking, 50% were sold at asking, and 13% were sold over asking.
Days on Market for 22401, VA
How long does it take to sell a home in 22401, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 17 Days | -44.2% |
Summary: Homes in 22401 had an average of 17 days on market in Oct 2024, down by 44.2% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 22401 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 16 homes were sold in 22401; 81% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
