$4,572 Closing Credit*
$385,000
1,969 SqFt
3 Beds
•3 Full Baths
Kathleen A Thompson, Listing Office: Samson Properties
Is 22407, 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, 22407 has remained a Seller's Market.
Key Takeaway
22407 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 22407, VA
How much do homes in 22407, VA cost?
Median Sold Price
$447,249
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$22,249(+5.2%)
Key Takeaway
Homes in 22407 have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in 22407 was $447,249 in November 2024, up 5.2% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | - | N/A |
| 2 Bedrooms | $340K | $340K | 0.0% |
| 3 Bedrooms | $370K | $399K | +7.8% |
| 4 Bedrooms | $479.9K | $526K | +9.6% |
| 5+ Bedrooms | $535K | $599.4K | +12.0% |
Summary: 22407 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 12%.
Housing Supply in 22407, VA
How many homes are available in 22407, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 288 | 241 | -16.3% |
Summary: The 22407 real estate market had 241 homes for sale in November 2024, a 16.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 18 | 24 | +33.3% |
| 3 Bedrooms | 116 | 91 | -21.6% |
| 4 Bedrooms | 107 | 86 | -19.6% |
| 5+ Bedrooms | 47 | 40 | -14.9% |
Summary: The 22407 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 33.3%, 3 bedroom homes decreased by 21.6%, 4 bedroom homes decreased by 19.6%, and 5+ bedroom homes decreased by 14.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 98 | 76 | -22.4% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
36 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22407, you could pay more than the asking price. 47.4% of homes here sold above asking price last month.
Summary: A total of 76 homes were sold or pending in 22407 in November 2024, down by 22.4% month-over-month. Of the 76 sold homes, 24% were sold under asking, 29% were sold at asking, and 47% were sold over asking.
Days on Market for 22407, VA
How long does it take to sell a home in 22407, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 26 Days | +3.1% |
Summary: Homes in 22407 had an average of 26 days on market in Nov 2024, up by 3.1% compared to last year.
Breakdown of Home Sale Times
62 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 22407 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 76 homes were sold in 22407; 82% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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