Is 22714, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 22714 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 22714 has remained a Seller's Market.

Key Takeaway

22714 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 22714, VA

How much do homes in 22714, VA cost?

Median Sold Price

$468,000

$285/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$39,000(+9.1%)

Key Takeaway

Homes in 22714 have sold for 9.1% more than they did a month ago.

Summary: The median home sold price in 22714 was $468,000 in November 2024, up 9.1% from last month, and the median price per square foot was $285.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $429K$400K
-6.8%
4 -$536K
N/A
5+ --
N/A

Summary: 22714 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 decreased by 6.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

22718
+87.5%
22714
+9.1%

Housing Supply in 22714, VA

How many homes are available in 22714, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
53-40.0%

Summary: The 22714 real estate market had 3 homes for sale in November 2024, a 40.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 31
-66.7%
4 11
0.0%
5+ 11
0.0%

Summary: The 22714 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 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
220.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 22714, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 22714 in November 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 22714, VA

How long does it take to sell a home in 22714, VA?

Average Sale Time

Oct 2024Nov 2024CHANGE
67 Days18 Days-73.1%

Summary: Homes in 22714 had an average of 18 days on market in Nov 2024, down by 73.1% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 22714 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in 22714; 100% of homes were sold within 30 days, 0% 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 21 Days Ago

Newest Listings in 22714, VA

Nearby Markets to 22714, VA