$2,968 Closing Credit*
$249,900
1,200 SqFt
3 Beds
•1 Full Bath, 1 Partial
Keith D Snider, Listing Office: LPT Realty, LLC
Is 22405, 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, 22405 has remained a Seller's Market.
Key Takeaway
22405 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 22405, VA
How much do homes in 22405, VA cost?
Median Sold Price
$445,000
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$2,000(+0.5%)
Key Takeaway
The sold price of homes in 22405 has remained the same since last year.
Summary: The median home sold price in 22405 was $445,000 in October 2024, up 0.5% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $298K | $245K | -17.8% |
| 2 Bedrooms | $282.5K | $286.5K | +1.4% |
| 3 Bedrooms | $370K | $400K | +8.1% |
| 4 Bedrooms | $500K | $517.5K | +3.5% |
| 5+ Bedrooms | $589.5K | $617.5K | +4.7% |
Summary: 22405 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.8%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 4.7%.
Housing Supply in 22405, VA
How many homes are available in 22405, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 137 | 167 | +21.9% |
Summary: The 22405 real estate market had 167 homes for sale in October 2024, a 21.9% 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 | 4 | 9 | +125.0% |
| 3 Bedrooms | 45 | 58 | +28.9% |
| 4 Bedrooms | 61 | 71 | +16.4% |
| 5+ Bedrooms | 26 | 28 | +7.7% |
Summary: The 22405 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 125%, 3 bedroom homes increased by 28.9%, 4 bedroom homes increased by 16.4%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 32 | +3.2% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22405, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in 22405 in October 2024, up by 3.2% month-over-month. Of the 32 sold homes, 44% were sold under asking, 38% were sold at asking, and 19% were sold over asking.
Days on Market for 22405, VA
How long does it take to sell a home in 22405, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 23 Days | -30.6% |
Summary: Homes in 22405 had an average of 23 days on market in Oct 2024, down by 30.6% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 22405 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 32 homes were sold in 22405; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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