Is 22650, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 22650 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 22650 was a Neutral Market.

Key Takeaway

22650 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 22650, VA

How much do homes in 22650, VA cost?

Median Sold Price

$337,500

$181/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$37,500(-10.0%)

Key Takeaway

Homes in 22650 have sold for 10% less than they did a year ago.

Summary: The median home sold price in 22650 was $337,500 in October 2024, down 10% from last year, and the median price per square foot was $181.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $350K-
N/A
3 $482.5K$350K
-27.5%
4 $375K$410K
+9.3%
5+ -$260K
N/A

Summary: 22650 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 did not change, 3 bedroom homes decreased by 27.5%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

22835
-1.9%
22650
-10.0%
22610
-11.3%
22740
-14.3%

Housing Supply in 22650, VA

How many homes are available in 22650, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
770.0%

Summary: The 22650 real estate market had 7 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 33
0.0%
4 22
0.0%
5+ 22
0.0%

Summary: The 22650 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
220.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 22650, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in 22650 in October 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for 22650, VA

How long does it take to sell a home in 22650, VA?

Average Sale Time

Oct 2023Oct 2024CHANGE
6 Days45 Days+650.0%

Summary: Homes in 22650 had an average of 45 days on market in Oct 2024, up by 650% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 22650 has remained consistent over time.

Summary: During October 2024, 2 homes were sold in 22650; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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 23 Days Ago

Newest Listings in 22650, VA

Nearby Markets to 22650, VA