Is 22630, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 22630 is a 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

# BEDSOct 2023Oct 2024CHANGE
1 $190K$205K
+7.9%
2 $260K$250K
-3.8%
3 $355K$385K
+8.5%
4 $389K$422.4K
+8.6%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

22630
+8.4%
22642
+5.3%
22645
-19.3%

Housing Supply in 22630, VA

How many homes are available in 22630, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
165196+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

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1623
+43.8%
3 89105
+18.0%
4 4547
+4.4%
5+ 1420
+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 2024Oct 2024CHANGE
3441+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

Asking vs Sold - buyer

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 2023Oct 2024CHANGE
34 Days38 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 13 Days Ago

Newest Listings in 22630, VA

Nearby Markets to 22630, VA