$10,000 Closing Credit*
$849,999
3,229 SqFt
4 Beds
•3 Full Baths, 2 Partial
Andrea Hidalgo, 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 November 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
$441,500
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$3,100(-0.7%)
Key Takeaway
Homes in 22405 have sold for 0.7% less than they did a year ago.
Summary: The median home sold price in 22405 was $441,500 in November 2024, down 0.7% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $298K | $245K | -17.8% |
| 2 Bedrooms | $287.5K | $286.5K | -0.3% |
| 3 Bedrooms | $371.1K | $400K | +7.8% |
| 4 Bedrooms | $502.5K | $519K | +3.3% |
| 5+ Bedrooms | $589.5K | $617.5K | +4.7% |
Summary: 22405 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.8%, 2 bedroom homes decreased by 0.3%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 3.3%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 143 | 157 | +9.8% |
Summary: The 22405 real estate market had 157 homes for sale in November 2024, a 9.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 53 | 61 | +15.1% |
| 4 Bedrooms | 59 | 61 | +3.4% |
| 5+ Bedrooms | 23 | 26 | +13.0% |
Summary: The 22405 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 15.1%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 13%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 35 | 35 | 0.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22405, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 35 homes were sold or pending in 22405 in November 2024, the same as the previous month. Of the 35 sold homes, 40% were sold under asking, 37% were sold at asking, and 23% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 31 Days | +72.8% |
Summary: Homes in 22405 had an average of 31 days on market in Nov 2024, up by 72.8% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 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 November 2024, 35 homes were sold in 22405; 71% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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