$3,266 Closing Credit*
$275,000
875 SqFt
3 Beds
•1 Full Bath
Abby L Walters, Listing Office: Preslee Real Estate
Is 22657, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 22657 has remained a Seller's Market.
Key Takeaway
22657 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 22657, VA
How much do homes in 22657, VA cost?
Median Sold Price
$315,000
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$11,000(+3.6%)
Key Takeaway
Homes in 22657 have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in 22657 was $315,000 in November 2024, up 3.6% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | $219.5K | +99.5% |
| 2 Bedrooms | $226K | $235.5K | +4.2% |
| 3 Bedrooms | $302.5K | $315K | +4.1% |
| 4 Bedrooms | $355K | $380K | +7.0% |
| 5+ Bedrooms | $649K | $442.5K | -31.8% |
Summary: 22657 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 99.5%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 7%, and 5+ bedroom homes decreased by 31.8%.
Median Sold Price Compared To Nearby Zip Codes
| 22657 | $304K | $315K | +3.6% |
| 22645 | $529.9K | $444.9K | -16.0% |
| 22660 | $350K | $270K | -22.9% |
Housing Supply in 22657, VA
How many homes are available in 22657, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 43 | 54 | +25.6% |
Summary: The 22657 real estate market had 54 homes for sale in November 2024, a 25.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 27 | 32 | +18.5% |
| 4 Bedrooms | 6 | 11 | +83.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 22657 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 18.5%, 4 bedroom homes increased by 83.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 14 | +180.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22657, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in 22657 in November 2024, up by 180.0% month-over-month. Of the 14 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for 22657, VA
How long does it take to sell a home in 22657, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 13 Days | -47.2% |
Summary: Homes in 22657 had an average of 13 days on market in Nov 2024, down by 47.2% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 22657 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 14 homes were sold in 22657; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
