$8,014 Closing Credit*
$674,900
3,782 SqFt
4 Beds
•2 Full Baths, 1 Partial
Paul J Gallagher Jr., Listing Office: Colony Realty
Is 22603, 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, 22603 has remained a Seller's Market.
Key Takeaway
22603 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 22603, VA
How much do homes in 22603, VA cost?
Median Sold Price
$422,500
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,500(+1.3%)
Key Takeaway
Homes in 22603 have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in 22603 was $422,500 in November 2024, up 1.3% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220K | $202.7K | -7.8% |
| 2 Bedrooms | $277K | $243.4K | -12.1% |
| 3 Bedrooms | $330.5K | $380K | +15.0% |
| 4 Bedrooms | $577.5K | $580K | 0.4% |
| 5+ Bedrooms | $715K | $799K | +11.7% |
Summary: 22603 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.8%, 2 bedroom homes decreased by 12.1%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes increased by 11.7%.
Housing Supply in 22603, VA
How many homes are available in 22603, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 42 | 42 | 0.0% |
Summary: The 22603 real estate market had 42 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 20 | 18 | -10.0% |
| 4 Bedrooms | 14 | 15 | +7.1% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 22603 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 increased by 20%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22603, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 22603 in November 2024, down by 9.1% month-over-month. Of the 10 sold homes, 50% were sold under asking, 20% were sold at asking, and 30% were sold over asking.
Days on Market for 22603, VA
How long does it take to sell a home in 22603, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 32 Days | +6.5% |
Summary: Homes in 22603 had an average of 32 days on market in Nov 2024, up by 6.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 22603 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in 22603; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
