$10,000 Closing Credit*
$1,345,000
3,198 SqFt
4 Beds
•3 Full Baths, 1 Partial
CRAIG SPICER, Listing Office: KELLER WILLIAMS ALLIANCE - CHARLOTTESVILLE
Is 22902, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$495,000
$287/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$18,000(+3.8%)
Key Takeaway
Homes in 22902 have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in 22902 was $495,000 in October 2024, up 3.8% from last year, and the median price per square foot was $287.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $385K | $290K | -24.7% |
| 2 Bedrooms | $414K | $430K | +3.9% |
| 3 Bedrooms | $462.5K | $465K | 0.5% |
| 4 Bedrooms | $565K | $610K | +8.0% |
| 5+ Bedrooms | $690K | $880K | +27.5% |
Summary: 22902 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.7%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 27.5%.
Housing Supply in 22902, VA
How many homes are available in 22902, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 103 | 103 | 0.0% |
Summary: The 22902 real estate market had 103 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 16 | 13 | -18.8% |
| 3 Bedrooms | 47 | 52 | +10.6% |
| 4 Bedrooms | 25 | 19 | -24.0% |
| 5+ Bedrooms | 12 | 15 | +25.0% |
Summary: The 22902 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 18.8%, 3 bedroom homes increased by 10.6%, 4 bedroom homes decreased by 24%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 20 | +17.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22902, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in 22902 in October 2024, up by 17.6% month-over-month. Of the 19 sold homes, 47% were sold under asking, 26% were sold at asking, and 26% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 7 Days | 29 Days | +298.7% |
Summary: Homes in 22902 had an average of 29 days on market in Oct 2024, up by 298.7% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 22902 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 20 homes were sold in 22902; 75% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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