$30,000
0.41 Acres
Land
Stephanie A Hiner, Listing Office: Berkshire Hathaway HomeServices PenFed Realty
Is 22546, 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, 22546 has remained a Seller's Market.
Key Takeaway
22546 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 22546, VA
How much do homes in 22546, VA cost?
Median Sold Price
$350,000
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,000(+7.7%)
Key Takeaway
Homes in 22546 have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in 22546 was $350,000 in October 2024, up 7.7% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | - | N/A |
| 2 Bedrooms | $255K | $261.2K | +2.5% |
| 3 Bedrooms | $307K | $320.2K | +4.3% |
| 4 Bedrooms | $382.4K | $397.3K | +3.9% |
| 5+ Bedrooms | $427.9K | $441K | +3.0% |
Summary: 22546 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 2.5%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 3%.
Housing Supply in 22546, VA
How many homes are available in 22546, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 118 | 124 | +5.1% |
Summary: The 22546 real estate market had 124 homes for sale in October 2024, a 5.1% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 73 | 74 | +1.4% |
| 4 Bedrooms | 35 | 38 | +8.6% |
| 5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The 22546 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 remained the same, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 35 | 26 | -25.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22546, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 26 homes were sold or pending in 22546 in October 2024, down by 25.7% month-over-month. Of the 26 sold homes, 23% were sold under asking, 27% were sold at asking, and 50% were sold over asking.
Days on Market for 22546, VA
How long does it take to sell a home in 22546, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 21 Days | -30.1% |
Summary: Homes in 22546 had an average of 21 days on market in Oct 2024, down by 30.1% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 22546 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 26 homes were sold in 22546; 85% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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