$7,719 Closing Credit*
$650,000
3,601 SqFt
4 Beds
•3 Full Baths, 1 Partial
Caroline W. Barb, Listing Office: Jim Barb Realty, Inc.
Is 22620, 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, 22620 has remained a Buyer'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
$507,500
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$7,500(+1.5%)
Key Takeaway
Homes in 22620 have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in 22620 was $507,500 in October 2024, up 1.5% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $814K | N/A |
| 2 Bedrooms | $475K | $275K | -42.1% |
| 3 Bedrooms | $449.9K | $455K | +1.1% |
| 4 Bedrooms | $725K | $622.5K | -14.1% |
| 5+ Bedrooms | $520K | $2.3M | +356.7% |
Summary: 22620 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 decreased by 42.1%, 3 bedroom homes increased by 1.1%, 4 bedroom homes decreased by 14.1%, and 5+ bedroom homes increased by 356.7%.
Median Sold Price Compared To Nearby Zip Codes
| 22620 | $500K | $507.5K | +1.5% |
| 22611 | $575K | $465K | -19.1% |
Housing Supply in 22620, VA
How many homes are available in 22620, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 14 | +27.3% |
Summary: The 22620 real estate market had 14 homes for sale in October 2024, a 27.3% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 22620 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 20%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22620, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in 22620 in October 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 10 Days | 93 Days | +785.7% |
Summary: Homes in 22620 had an average of 93 days on market in Oct 2024, up by 785.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in 22620 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 1 homes were sold in 22620; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
