Is 22637, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 22637 is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, 22637 was a Buyer's Market.

Key Takeaway

22637 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 22637, VA

How much do homes in 22637, VA cost?

Median Sold Price

$442,450

$186/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$37,450(+9.2%)

Key Takeaway

Homes in 22637 have sold for 9.2% more than they did a month ago.

Summary: The median home sold price in 22637 was $442,450 in November 2024, up 9.2% from last month, and the median price per square foot was $186.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$475K
N/A
3 --
N/A
4 $405K$409.9K
+1.2%
5+ --
N/A

Summary: 22637 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes did not change.

Housing Supply in 22637, VA

How many homes are available in 22637, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1213+8.3%

Summary: The 22637 real estate market had 13 homes for sale in November 2024, a 8.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 56
+20.0%
4 55
0.0%
5+ 11
0.0%

Summary: The 22637 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 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 22637, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in 22637 in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for 22637, VA

How long does it take to sell a home in 22637, VA?

Average Sale Time

Oct 2024Nov 2024CHANGE
143 Days78 Days-45.5%

Summary: Homes in 22637 had an average of 78 days on market in Nov 2024, down by 45.5% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 22637 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in 22637; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 17 Days Ago

Newest Listings in 22637, VA

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