Is 22610, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 22610 is a neutral's market

Buyer's
Market

Difference Since October 2023

Since last year, 22610 has remained a Neutral Market.

Key Takeaway

22610 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 22610, VA

How much do homes in 22610, VA cost?

Median Sold Price

$374,950

$233/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$47,550(-11.3%)

Key Takeaway

Homes in 22610 have sold for 11.3% less than they did a year ago.

Summary: The median home sold price in 22610 was $374,950 in October 2024, down 11.3% from last year, and the median price per square foot was $233.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $398K-
N/A
2 -$331.5K
N/A
3 $402.5K$435K
+8.1%
4 $649.9K$398K
-38.8%
5+ $435K$620K
+42.5%

Summary: 22610 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 did not change, 3 bedroom homes increased by 8.1%, 4 bedroom homes decreased by 38.8%, and 5+ bedroom homes increased by 42.5%.

Median Sold Price Compared To Nearby Zip Codes

22652
-7.5%
22650
-10.0%
22610
-11.3%

Housing Supply in 22610, VA

How many homes are available in 22610, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1314+7.7%

Summary: The 22610 real estate market had 14 homes for sale in October 2024, a 7.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1112
+9.1%
4 11
0.0%
5+ 00
0.0%

Summary: The 22610 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 remained the same, 3 bedroom homes increased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

0 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 22610, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in 22610 in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 22610, VA

How long does it take to sell a home in 22610, VA?

Average Sale Time

Oct 2023Oct 2024CHANGE
9 Days15 Days+66.7%

Summary: Homes in 22610 had an average of 15 days on market in Oct 2024, up by 66.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 22610 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in 22610; 100% of homes were sold within 30 days, 0% 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 17 Days Ago

Newest Listings in 22610, VA

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