$4,572 Closing Credit*
$385,000
1,630 SqFt
3 Beds
•2 Full Baths
Tiffany Prine, Listing Office: NEXTHOME BLUE HERON REALTY GROUP
Is 22508, 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, 22508 has remained a Seller's Market.
Key Takeaway
22508 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 22508, VA
How much do homes in 22508, VA cost?
Median Sold Price
$420,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$16,000(+4.0%)
Key Takeaway
Homes in 22508 have sold for 4% more than they did a year ago.
Summary: The median home sold price in 22508 was $420,000 in October 2024, up 4% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $230K | N/A |
| 2 Bedrooms | $265K | $280K | +5.7% |
| 3 Bedrooms | $360K | $386.9K | +7.5% |
| 4 Bedrooms | $443K | $449.9K | +1.6% |
| 5+ Bedrooms | $450K | $487.9K | +8.4% |
Summary: 22508 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 8.4%.
Housing Supply in 22508, VA
How many homes are available in 22508, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 173 | 162 | -6.4% |
Summary: The 22508 real estate market had 162 homes for sale in October 2024, a 6.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 78 | 68 | -12.8% |
| 4 Bedrooms | 68 | 64 | -5.9% |
| 5+ Bedrooms | 22 | 23 | +4.5% |
Summary: The 22508 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 40%, 3 bedroom homes decreased by 12.8%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes increased by 4.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 41 | 37 | -9.8% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22508, expect to pay close to the asking price. 51.4% of homes here sold near the asking price last month.
Summary: A total of 37 homes were sold or pending in 22508 in October 2024, down by 9.8% month-over-month. Of the 37 sold homes, 32% were sold under asking, 51% were sold at asking, and 16% were sold over asking.
Days on Market for 22508, VA
How long does it take to sell a home in 22508, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 46 Days | +91.3% |
Summary: Homes in 22508 had an average of 46 days on market in Oct 2024, up by 91.3% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 22508 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 37 homes were sold in 22508; 43% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user.