Is 22815, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 22815 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 22815 has remained a Seller's Market.

Key Takeaway

22815 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 22815, VA

How much do homes in 22815, VA cost?

Median Sold Price

$335,000

$205/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$49,000(-12.8%)

Key Takeaway

Homes in 22815 have sold for 12.8% less than they did a month ago.

Summary: The median home sold price in 22815 was $335,000 in November 2024, down 12.8% from last month, and the median price per square foot was $205.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$192K
N/A
3 $358K$212.5K
-40.6%
4 $410K$350K
-14.6%
5+ --
N/A

Summary: 22815 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 40.6%, 4 bedroom homes decreased by 14.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

22853
+151.4%
22815
-12.8%

Housing Supply in 22815, VA

How many homes are available in 22815, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1612-25.0%

Summary: The 22815 real estate market had 12 homes for sale in November 2024, a 25.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 96
-33.3%
4 43
-25.0%
5+ 11
0.0%

Summary: The 22815 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 33.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
45+25.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 22815, 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 22815 in November 2024, up by 25.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.

Days on Market for 22815, VA

How long does it take to sell a home in 22815, VA?

Average Sale Time

Oct 2024Nov 2024CHANGE
83 Days16 Days-80.8%

Summary: Homes in 22815 had an average of 16 days on market in Nov 2024, down by 80.8% compared to last month.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 22815 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 5 homes were sold in 22815; 80% of homes were sold within 30 days, 20% 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 22815, VA

Nearby Markets to 22815, VA