Is 22939, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 22939 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 22939 was a Buyer's Market.

Key Takeaway

22939 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 22939, VA

How much do homes in 22939, VA cost?

Median Sold Price

$447,345

$209/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$122,345(+37.6%)

Key Takeaway

Homes in 22939 have sold for 37.6% more than they did a month ago.

Summary: The median home sold price in 22939 was $447,345 in October 2024, up 37.6% from last month, and the median price per square foot was $209.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $325K$882.5K
+171.5%
4 -$447.3K
N/A
5+ --
N/A

Summary: 22939 housing prices by bedroom type for October 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 increased by 171.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

22939
+37.6%
24401
+20.0%
22980
+8.1%

Housing Supply in 22939, VA

How many homes are available in 22939, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1115+36.4%

Summary: The 22939 real estate market had 15 homes for sale in October 2024, a 36.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 32
-33.3%
4 812
+50.0%
5+ 01
+100.0%

Summary: The 22939 housing inventory by bedroom type for October 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 increased by 50%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
16+500.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 22939, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 6 homes were sold or pending in 22939 in October 2024, up by 500.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% were sold over asking.

Days on Market for 22939, VA

How long does it take to sell a home in 22939, VA?

Average Sale Time

Sep 2024Oct 2024CHANGE
35 Days49 Days+41.9%

Summary: Homes in 22939 had an average of 49 days on market in Oct 2024, up by 41.9% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 22939 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 6 homes were sold in 22939; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% 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 20 Days Ago

Newest Listings in 22939, VA

Nearby Markets to 22939, VA