Is 22560, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 22560 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 22560 has remained a Seller's Market.

Key Takeaway

22560 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 22560, VA

How much do homes in 22560, VA cost?

Median Sold Price

$308,000

$181/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$28,100(+10.0%)

Key Takeaway

Homes in 22560 have sold for 10% more than they did a year ago.

Summary: The median home sold price in 22560 was $308,000 in October 2024, up 10% from last year, and the median price per square foot was $181.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $132.9K-
N/A
2 $186.3K$194.4K
+4.4%
3 $279.4K$270K
-3.4%
4 $383.2K$511.5K
+33.5%
5+ $190K$737.5K
+288.2%

Summary: 22560 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 4.4%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 33.5%, and 5+ bedroom homes increased by 288.2%.

Housing Supply in 22560, VA

How many homes are available in 22560, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4045+12.5%

Summary: The 22560 real estate market had 45 homes for sale in October 2024, a 12.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 13
+200.0%
3 3033
+10.0%
4 77
0.0%
5+ 22
0.0%

Summary: The 22560 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 200%, 3 bedroom homes increased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
69+50.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 22560, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in 22560 in October 2024, up by 50.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 33% were sold at asking, and 11% were sold over asking.

Days on Market for 22560, VA

How long does it take to sell a home in 22560, VA?

Average Sale Time

Oct 2023Oct 2024CHANGE
34 Days28 Days-15.9%

Summary: Homes in 22560 had an average of 28 days on market in Oct 2024, down by 15.9% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 22560 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 9 homes were sold in 22560; 67% of homes were sold within 30 days, 33% 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 14 Days Ago

Newest Listings in 22560, VA

Nearby Markets to 22560, VA