$10,000 Closing Credit*
$929,900
3,542 SqFt
4 Beds
•4 Full Baths, 1 Partial
Matthew Stephen Hall, Listing Office: FXBG Real Estate, LLC
Is 22401, 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, 22401 has remained a Seller's Market.
Key Takeaway
22401 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 22401, VA
How much do homes in 22401, VA cost?
Median Sold Price
$442,725
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$2,275(-0.5%)
Key Takeaway
Homes in 22401 have sold for 0.5% less than they did a year ago.
Summary: The median home sold price in 22401 was $442,725 in November 2024, down 0.5% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | $280K | -20.0% |
| 2 Bedrooms | $322.5K | $330K | +2.3% |
| 3 Bedrooms | $426K | $430K | +0.9% |
| 4 Bedrooms | $520K | $542.5K | +4.3% |
| 5+ Bedrooms | $650K | $692.5K | +6.5% |
Summary: 22401 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 6.5%.
Housing Supply in 22401, VA
How many homes are available in 22401, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 94 | 100 | +6.4% |
Summary: The 22401 real estate market had 100 homes for sale in November 2024, a 6.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 39 | 41 | +5.1% |
| 4 Bedrooms | 28 | 30 | +7.1% |
| 5+ Bedrooms | 16 | 19 | +18.8% |
Summary: The 22401 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 18.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 23 | +35.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22401, you may be able to get a good deal. 47.8% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in 22401 in November 2024, up by 35.3% month-over-month. Of the 23 sold homes, 48% were sold under asking, 39% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 23 Days | 24 Days | +4.5% |
Summary: Homes in 22401 had an average of 24 days on market in Nov 2024, up by 4.5% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 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 November 2024, 23 homes were sold in 22401; 83% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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