$95,000
0.12 Acres
Land
Stacy S Rodgers, Listing Office: Berkshire Hathaway HomeServices PenFed Realty
Is 22620, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 22620 was a Seller's Market.
Key Takeaway
22620 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 22620, VA
How much do homes in 22620, VA cost?
Median Sold Price
$540,000
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$52,500(+10.8%)
Key Takeaway
Homes in 22620 have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in 22620 was $540,000 in November 2024, up 10.8% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.4M | $228K | -83.7% |
| 2 Bedrooms | $475K | $275K | -42.1% |
| 3 Bedrooms | $449.9K | $531.2K | +18.1% |
| 4 Bedrooms | $725K | $622.5K | -14.1% |
| 5+ Bedrooms | $1.7M | $1.8M | +8.2% |
Summary: 22620 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 83.7%, 2 bedroom homes decreased by 42.1%, 3 bedroom homes increased by 18.1%, 4 bedroom homes decreased by 14.1%, and 5+ bedroom homes increased by 8.2%.
Median Sold Price Compared To Nearby Zip Codes
| 22620 | $487.5K | $540K | +10.8% |
| 22611 | $579K | $470K | -18.8% |
Housing Supply in 22620, VA
How many homes are available in 22620, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 16 | +23.1% |
Summary: The 22620 real estate market had 16 homes for sale in November 2024, a 23.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 22620 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22620, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in 22620 in November 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for 22620, VA
How long does it take to sell a home in 22620, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 96 Days | 8 Days | -91.7% |
Summary: Homes in 22620 had an average of 8 days on market in Nov 2024, down by 91.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 22620 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1 homes were sold in 22620; 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.
