$7,125 Closing Credit*
$599,990
4,034 SqFt
4 Beds
•2 Full Baths, 1 Partial
Julia Foard Lynch, Listing Office: CENTURY 21 New Millennium
Is 22602, 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, 22602 has remained a Seller's Market.
Key Takeaway
22602 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 22602, VA
How much do homes in 22602, VA cost?
Median Sold Price
$390,000
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,000(+4.0%)
Key Takeaway
Homes in 22602 have sold for 4% more than they did a year ago.
Summary: The median home sold price in 22602 was $390,000 in October 2024, up 4% 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 | $144K | $176K | +22.2% |
| 2 Bedrooms | $244.9K | $277.5K | +13.3% |
| 3 Bedrooms | $350K | $359.8K | +2.8% |
| 4 Bedrooms | $446.4K | $500K | +12.0% |
| 5+ Bedrooms | $655.4K | $600K | -8.5% |
Summary: 22602 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 12%, and 5+ bedroom homes decreased by 8.5%.
Housing Supply in 22602, VA
How many homes are available in 22602, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 167 | 174 | +4.2% |
Summary: The 22602 real estate market had 174 homes for sale in October 2024, a 4.2% 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 | 22 | 18 | -18.2% |
| 3 Bedrooms | 86 | 76 | -11.6% |
| 4 Bedrooms | 46 | 59 | +28.3% |
| 5+ Bedrooms | 13 | 21 | +61.5% |
Summary: The 22602 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 decreased by 18.2%, 3 bedroom homes decreased by 11.6%, 4 bedroom homes increased by 28.3%, and 5+ bedroom homes increased by 61.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 35 | -16.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22602, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 35 homes were sold or pending in 22602 in October 2024, down by 16.7% month-over-month. Of the 35 sold homes, 29% were sold under asking, 40% were sold at asking, and 31% were sold over asking.
Days on Market for 22602, VA
How long does it take to sell a home in 22602, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 51 Days | 35 Days | -31.7% |
Summary: Homes in 22602 had an average of 35 days on market in Oct 2024, down by 31.7% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 22602 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 35 homes were sold in 22602; 74% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
