$40,000
Land
Mary-Margaret M. Pitts
Is 22514, 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, 22514 has remained a Seller's Market.
Key Takeaway
22514 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 22514, VA
How much do homes in 22514, VA cost?
Median Sold Price
$337,500
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$32,500(+10.7%)
Key Takeaway
Homes in 22514 have sold for 10.7% more than they did a year ago.
Summary: The median home sold price in 22514 was $337,500 in October 2024, up 10.7% 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 | - | - | N/A |
| 2 Bedrooms | $109K | $235K | +115.6% |
| 3 Bedrooms | $305K | $332.6K | +9.1% |
| 4 Bedrooms | $349.9K | $485K | +38.6% |
| 5+ Bedrooms | $435.9K | $370K | -15.1% |
Summary: 22514 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 115.6%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 38.6%, and 5+ bedroom homes decreased by 15.1%.
Median Sold Price Compared To Nearby Zip Codes
| 22514 | $305K | $337.5K | +10.7% |
| 22546 | $325K | $350K | +7.7% |
Housing Supply in 22514, VA
How many homes are available in 22514, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 15 | +7.1% |
Summary: The 22514 real estate market had 15 homes for sale in October 2024, a 7.1% increase 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 22514 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 100%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22514, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 22514 in October 2024, up by 400.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% 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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 39 Days | +19.3% |
Summary: Homes in 22514 had an average of 39 days on market in Oct 2024, up by 19.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 22514 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in 22514; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved