$5,936 Closing Credit*
$499,900
1,420 SqFt
3 Beds
•2 Full Baths
Kenneth A Evans, Listing Office: RE/MAX Real Estate Connections
Is 22642, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 22642 was a Seller's Market.
Key Takeaway
22642 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 22642, VA
How much do homes in 22642, VA cost?
Median Sold Price
$400,000
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,000(+5.3%)
Key Takeaway
Homes in 22642 have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in 22642 was $400,000 in November 2024, up 5.3% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $172.5K | $140K | -18.8% |
| 2 Bedrooms | $279.5K | $304.5K | +8.9% |
| 3 Bedrooms | $379.9K | $398K | +4.8% |
| 4 Bedrooms | $430K | $435K | +1.2% |
| 5+ Bedrooms | $830K | $575K | -30.7% |
Summary: 22642 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.8%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes decreased by 30.7%.
Median Sold Price Compared To Nearby Zip Codes
| 22630 | $350K | $382.6K | +9.3% |
| 22642 | $380K | $400K | +5.3% |
Housing Supply in 22642, VA
How many homes are available in 22642, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 55 | 44 | -20.0% |
Summary: The 22642 real estate market had 44 homes for sale in November 2024, a 20.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 35 | 26 | -25.7% |
| 4 Bedrooms | 12 | 11 | -8.3% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The 22642 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 decreased by 25.7%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 5 | -68.8% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22642, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in 22642 in November 2024, down by 68.8% month-over-month. Of the 5 sold homes, 0% were sold under asking, 40% were sold at asking, and 60% were sold over asking.
Days on Market for 22642, VA
How long does it take to sell a home in 22642, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 42 Days | 41 Days | -2.3% |
Summary: Homes in 22642 had an average of 41 days on market in Nov 2024, down by 2.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 22642 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in 22642; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. 
Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes.