Is 22482, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 22482 is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, 22482 has remained a Buyer's Market.

Key Takeaway

22482 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 22482, VA

How much do homes in 22482, VA cost?

Median Sold Price

$470,000

$244/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$31,000(+7.1%)

Key Takeaway

Homes in 22482 have sold for 7.1% more than they did a year ago.

Summary: The median home sold price in 22482 was $470,000 in November 2024, up 7.1% from last year, and the median price per square foot was $244.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $195K$265.5K
+36.2%
3 $419.5K$369K
-12.0%
4 $519.5K$797.5K
+53.5%
5+ $2.9M$2.4M
-15.5%

Summary: 22482 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 increased by 36.2%, 3 bedroom homes decreased by 12%, 4 bedroom homes increased by 53.5%, and 5+ bedroom homes decreased by 15.5%.

Median Sold Price Compared To Nearby Zip Codes

22473
+8.0%
22482
+7.1%
22503
-2.1%

Housing Supply in 22482, VA

How many homes are available in 22482, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6157-6.6%

Summary: The 22482 real estate market had 57 homes for sale in November 2024, a 6.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1013
+30.0%
3 3832
-15.8%
4 1110
-9.1%
5+ 22
0.0%

Summary: The 22482 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 30%, 3 bedroom homes decreased by 15.8%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
770.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 22482, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 22482 in November 2024, the same as the previous month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.

Days on Market for 22482, VA

How long does it take to sell a home in 22482, VA?

Average Sale Time

Nov 2023Nov 2024CHANGE
4 Days45 Days+1025.0%

Summary: Homes in 22482 had an average of 45 days on market in Nov 2024, up by 1025% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 22482 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 7 homes were sold in 22482; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% 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 21 Days Ago

Newest Listings in 22482, VA

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