Is 22902, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 22902 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 22902 has remained a Seller's Market.

Key Takeaway

22902 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 22902, VA

How much do homes in 22902, VA cost?

Median Sold Price

$502,925

$280/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$26,925(+5.7%)

Key Takeaway

Homes in 22902 have sold for 5.7% more than they did a year ago.

Summary: The median home sold price in 22902 was $502,925 in November 2024, up 5.7% from last year, and the median price per square foot was $280.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $385K$339.7K
-11.8%
2 $405K$455K
+12.3%
3 $462.5K$472.3K
+2.1%
4 $565K$615.5K
+8.9%
5+ $690K$880K
+27.5%

Summary: 22902 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.8%, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 27.5%.

Median Sold Price Compared To Nearby Zip Codes

22903
+16.3%
22911
+11.3%
22902
+5.7%
22901
+3.7%

Housing Supply in 22902, VA

How many homes are available in 22902, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
10493-10.6%

Summary: The 22902 real estate market had 93 homes for sale in November 2024, a 10.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 44
0.0%
2 119
-18.2%
3 5139
-23.5%
4 2528
+12.0%
5+ 1313
0.0%

Summary: The 22902 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 decreased by 18.2%, 3 bedroom homes decreased by 23.5%, 4 bedroom homes increased by 12%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2018-10.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 22902, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in 22902 in November 2024, down by 10.0% month-over-month. Of the 16 sold homes, 50% were sold under asking, 38% were sold at asking, and 13% were sold over asking.

Days on Market for 22902, VA

How long does it take to sell a home in 22902, VA?

Average Sale Time

Nov 2023Nov 2024CHANGE
11 Days19 Days+70.9%

Summary: Homes in 22902 had an average of 19 days on market in Nov 2024, up by 70.9% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 22902 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 18 homes were sold in 22902; 78% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 6% 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 22902, VA

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