$8,894 Closing Credit*
$749,000
2,480 SqFt
4 Beds
•3 Full Baths, 1 Partial
Alexandra Londono, Listing Office: CENTURY 21 New Millennium
Is 22554, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 22554 has remained a Seller's Market.
Key Takeaway
22554 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 22554, VA
How much do homes in 22554, VA cost?
Median Sold Price
$550,000
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$30,015(+5.8%)
Key Takeaway
Homes in 22554 have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in 22554 was $550,000 in November 2024, up 5.8% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $182.5K | +4.3% |
| 2 Bedrooms | $300K | $320K | +6.7% |
| 3 Bedrooms | $420K | $440K | +4.8% |
| 4 Bedrooms | $532.6K | $575K | +7.9% |
| 5+ Bedrooms | $625K | $684.9K | +9.6% |
Summary: 22554 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 9.6%.
Housing Supply in 22554, VA
How many homes are available in 22554, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 208 | 194 | -6.7% |
Summary: The 22554 real estate market had 194 homes for sale in November 2024, a 6.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 8 | 10 | +25.0% |
| 3 Bedrooms | 49 | 38 | -22.4% |
| 4 Bedrooms | 88 | 84 | -4.5% |
| 5+ Bedrooms | 62 | 59 | -4.8% |
Summary: The 22554 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 22.4%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 4.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 63 | 64 | +1.6% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22554, expect to pay close to the asking price. 35.9% of homes here sold near the asking price last month.
Summary: A total of 64 homes were sold or pending in 22554 in November 2024, up by 1.6% month-over-month. Of the 64 sold homes, 30% were sold under asking, 36% were sold at asking, and 34% were sold over asking.
Days on Market for 22554, VA
How long does it take to sell a home in 22554, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 31 Days | +55.0% |
Summary: Homes in 22554 had an average of 31 days on market in Nov 2024, up by 55% compared to last year.
Breakdown of Home Sale Times
39 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 22554 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 64 homes were sold in 22554; 61% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
