$19,000
0.42 Acres
Land
Kathy L McLendon
Is 22630, 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, 22630 has remained a Seller's Market.
Key Takeaway
22630 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 22630, VA
How much do homes in 22630, VA cost?
Median Sold Price
$379,500
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$29,500(+8.4%)
Key Takeaway
Homes in 22630 have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in 22630 was $379,500 in October 2024, up 8.4% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | $205K | +7.9% |
| 2 Bedrooms | $260K | $250K | -3.8% |
| 3 Bedrooms | $355K | $385K | +8.5% |
| 4 Bedrooms | $389K | $422.4K | +8.6% |
| 5+ Bedrooms | $439K | $500K | +13.9% |
Summary: 22630 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.9%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 13.9%.
Housing Supply in 22630, VA
How many homes are available in 22630, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 165 | 196 | +18.8% |
Summary: The 22630 real estate market had 196 homes for sale in October 2024, a 18.8% increase 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 | 16 | 23 | +43.8% |
| 3 Bedrooms | 89 | 105 | +18.0% |
| 4 Bedrooms | 45 | 47 | +4.4% |
| 5+ Bedrooms | 14 | 20 | +42.9% |
Summary: The 22630 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 increased by 43.8%, 3 bedroom homes increased by 18%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 41 | +20.6% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22630, you could pay more than the asking price. 39% of homes here sold above asking price last month.
Summary: A total of 41 homes were sold or pending in 22630 in October 2024, up by 20.6% month-over-month. Of the 41 sold homes, 34% were sold under asking, 27% were sold at asking, and 39% were sold over asking.
Days on Market for 22630, VA
How long does it take to sell a home in 22630, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 38 Days | +11.4% |
Summary: Homes in 22630 had an average of 38 days on market in Oct 2024, up by 11.4% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 22630 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 41 homes were sold in 22630; 59% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
