Is 22553, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 22553 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 22553 has remained a Seller's Market.

Key Takeaway

22553 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 22553, VA

How much do homes in 22553, VA cost?

Median Sold Price

$449,643

$201/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$51,356(-10.3%)

Key Takeaway

Homes in 22553 have sold for 10.3% less than they did a year ago.

Summary: The median home sold price in 22553 was $449,643 in November 2024, down 10.3% from last year, and the median price per square foot was $201.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $190K$350K
+84.2%
3 $377.5K$399K
+5.7%
4 $522.5K$520K
-0.5%
5+ $659.9K$610K
-7.6%

Summary: 22553 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 84.2%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes decreased by 7.6%.

Median Sold Price Compared To Nearby Zip Codes

22551
+12.8%
22736
+5.4%
22407
+5.2%
22508
+3.7%
22553
-10.3%

Housing Supply in 22553, VA

How many homes are available in 22553, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7678+2.6%

Summary: The 22553 real estate market had 78 homes for sale in November 2024, a 2.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 2826
-7.1%
4 2730
+11.1%
5+ 2022
+10.0%

Summary: The 22553 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 decreased by 100%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 10%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1425+78.6%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 22553, you may be able to get a good deal. 44% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in 22553 in November 2024, up by 78.6% month-over-month. Of the 25 sold homes, 44% were sold under asking, 40% were sold at asking, and 16% were sold over asking.

Days on Market for 22553, VA

How long does it take to sell a home in 22553, VA?

Average Sale Time

Nov 2023Nov 2024CHANGE
41 Days25 Days-39.0%

Summary: Homes in 22553 had an average of 25 days on market in Nov 2024, down by 39% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 22553 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 25 homes were sold in 22553; 64% of homes were sold within 30 days, 36% 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 25 Days Ago

Newest Listings in 22553, VA

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