Is 22576, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 22576 is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, 22576 was a Buyer's Market.

Key Takeaway

22576 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 22576, VA

How much do homes in 22576, VA cost?

Median Sold Price

$602,500

$266/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$1,065,000(-63.9%)

Key Takeaway

Homes in 22576 have sold for 63.9% less than they did a month ago.

Summary: The median home sold price in 22576 was $602,500 in October 2024, down 63.9% from last month, and the median price per square foot was $266.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $1.4M$550K
-61.7%
4 -$800K
N/A
5+ $1.9M-
N/A

Summary: 22576 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 61.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

22480
+40.8%
22576
-63.9%

Housing Supply in 22576, VA

How many homes are available in 22576, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2130+42.9%

Summary: The 22576 real estate market had 30 homes for sale in October 2024, a 42.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 03
+100.0%
2 45
+25.0%
3 710
+42.9%
4 911
+22.2%
5+ 11
0.0%

Summary: The 22576 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 42.9%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
25+150.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 22576, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 22576 in October 2024, up by 150.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 22576, VA

How long does it take to sell a home in 22576, VA?

Average Sale Time

Sep 2024Oct 2024CHANGE
32 Days13 Days-58.2%

Summary: Homes in 22576 had an average of 13 days on market in Oct 2024, down by 58.2% compared to last month.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 22576 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in 22576; 80% of homes were sold within 30 days, 20% 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 13 Days Ago

Newest Listings in 22576, VA

Nearby Markets to 22576, VA