Is 22443, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 22443 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 22443 has remained a Seller's Market.

Key Takeaway

22443 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 22443, VA

How much do homes in 22443, VA cost?

Median Sold Price

$323,480

$234/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$23,480(+7.8%)

Key Takeaway

Homes in 22443 have sold for 7.8% more than they did a year ago.

Summary: The median home sold price in 22443 was $323,480 in November 2024, up 7.8% from last year, and the median price per square foot was $234.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $222.5K$237.5K
+6.7%
2 $265K$299K
+12.8%
3 $299K$318.3K
+6.5%
4 $380K$407K
+7.1%
5+ $740.5K$501K
-32.3%

Summary: 22443 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.7%, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 32.3%.

Median Sold Price Compared To Nearby Zip Codes

22520
+10.4%
22443
+7.8%

Housing Supply in 22443, VA

How many homes are available in 22443, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
10393-9.7%

Summary: The 22443 real estate market had 93 homes for sale in November 2024, a 9.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 86
-25.0%
3 7971
-10.1%
4 1313
0.0%
5+ 22
0.0%

Summary: The 22443 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 decreased by 25%, 3 bedroom homes decreased by 10.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2816-42.9%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 22443, expect to pay close to the asking price. 56.3% of homes here sold near the asking price last month.

Summary: A total of 16 homes were sold or pending in 22443 in November 2024, down by 42.9% month-over-month. Of the 16 sold homes, 19% were sold under asking, 56% were sold at asking, and 25% were sold over asking.

Days on Market for 22443, VA

How long does it take to sell a home in 22443, VA?

Average Sale Time

Nov 2023Nov 2024CHANGE
53 Days62 Days+16.1%

Summary: Homes in 22443 had an average of 62 days on market in Nov 2024, up by 16.1% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 22443 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 16 homes were sold in 22443; 63% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in 22443, VA

Nearby Markets to 22443, VA