Is 22514, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 22514 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 22514 was a Seller's Market.

Key Takeaway

22514 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 22514, VA

How much do homes in 22514, VA cost?

Median Sold Price

$374,900

$139/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$110,100(-22.7%)

Key Takeaway

Homes in 22514 have sold for 22.7% less than they did a month ago.

Summary: The median home sold price in 22514 was $374,900 in November 2024, down 22.7% from last month, and the median price per square foot was $139.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 -$374.9K
N/A
4 $485K-
N/A
5+ --
N/A

Summary: 22514 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 22514, VA

How many homes are available in 22514, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1511-26.7%

Summary: The 22514 real estate market had 11 homes for sale in November 2024, a 26.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 56
+20.0%
4 72
-71.4%
5+ 22
0.0%

Summary: The 22514 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 remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 71.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
51-80.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 22514, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in 22514 in November 2024, down by 80.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for 22514, VA

How long does it take to sell a home in 22514, VA?

Average Sale Time

Oct 2024Nov 2024CHANGE
39 Days31 Days-21.7%

Summary: Homes in 22514 had an average of 31 days on market in Nov 2024, down by 21.7% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 22514 has remained consistent over time.

Summary: During November 2024, 1 homes were sold in 22514; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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 22514, VA

Nearby Markets to 22514, VA