$9,354 Closing Credit*
$787,700
2,920 SqFt
4 Beds
•3 Full Baths, 1 Partial
Erik Erdal, Listing Office: Long & Foster Real Estate, Inc.
Is 22625, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 22625 was a Seller's Market.
Key Takeaway
22625 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 22625, VA
How much do homes in 22625, VA cost?
Median Sold Price
$384,950
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$2,450(+0.6%)
Key Takeaway
Homes in 22625 have sold for 0.6% more than they did a year ago.
Summary: The median home sold price in 22625 was $384,950 in October 2024, up 0.6% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $389.9K | $335K | -14.1% |
| 3 Bedrooms | $339.9K | $375K | +10.3% |
| 4 Bedrooms | $419.9K | $410K | -2.4% |
| 5+ Bedrooms | $590K | $386K | -34.6% |
Summary: 22625 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 14.1%, 3 bedroom homes increased by 10.3%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes decreased by 34.6%.
Housing Supply in 22625, VA
How many homes are available in 22625, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 30 | -3.2% |
Summary: The 22625 real estate market had 30 homes for sale in October 2024, a 3.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 24 | 21 | -12.5% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 22625 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 decreased by 12.5%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22625, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in 22625 in October 2024, down by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for 22625, VA
How long does it take to sell a home in 22625, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 9 Days | 18 Days | +85.7% |
Summary: Homes in 22625 had an average of 18 days on market in Oct 2024, up by 85.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 22625 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in 22625; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
