$3,800 Closing Credit*
$320,000
1,790 SqFt
3 Beds
•2 Full Baths, 1 Partial
Youssef Khalil, Listing Office: Coldwell Banker Realty
Is 22603, 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, 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
$433,500
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$48,500(+12.6%)
Key Takeaway
Homes in 22603 have sold for 12.6% more than they did a year ago.
Summary: The median home sold price in 22603 was $433,500 in October 2024, up 12.6% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220K | $202.7K | -7.8% |
| 2 Bedrooms | $277K | $247K | -10.8% |
| 3 Bedrooms | $327K | $380.5K | +16.4% |
| 4 Bedrooms | $577.5K | $582.5K | +0.9% |
| 5+ Bedrooms | $730K | $794.5K | +8.8% |
Summary: 22603 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.8%, 2 bedroom homes decreased by 10.8%, 3 bedroom homes increased by 16.4%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 8.8%.
Housing Supply in 22603, VA
How many homes are available in 22603, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 44 | +10.0% |
Summary: The 22603 real estate market had 44 homes for sale in October 2024, a 10.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 20 | 21 | +5.0% |
| 4 Bedrooms | 13 | 15 | +15.4% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 22603 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 10 | +11.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 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 October 2024, up by 11.1% month-over-month. Of the 10 sold homes, 50% were sold under asking, 10% were sold at asking, and 40% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 55 Days | +70.8% |
Summary: Homes in 22603 had an average of 55 days on market in Oct 2024, up by 70.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 22603 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in 22603; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
