$4,156 Closing Credit*
$350,000
1,296 SqFt
3 Beds
•2 Full Baths
Jennifer Donaldson, Listing Office: Real Broker LLC
Is 22942, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 22942 has remained a Seller's Market.
Key Takeaway
22942 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 22942, VA
How much do homes in 22942, VA cost?
Median Sold Price
$450,000
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$1,250(-0.3%)
Key Takeaway
The sold price of homes in 22942 has remained the same since last year.
Summary: The median home sold price in 22942 was $450,000 in November 2024, down 0.3% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $299K | $192.5K | -35.6% |
| 3 Bedrooms | $385K | $416.5K | +8.2% |
| 4 Bedrooms | $535K | $565K | +5.6% |
| 5+ Bedrooms | $590K | $2.2M | +281.4% |
Summary: 22942 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 35.6%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 281.4%.
Housing Supply in 22942, VA
How many homes are available in 22942, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 82 | 72 | -12.2% |
Summary: The 22942 real estate market had 72 homes for sale in November 2024, a 12.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 2 | -50.0% |
| 3 Bedrooms | 50 | 43 | -14.0% |
| 4 Bedrooms | 26 | 22 | -15.4% |
| 5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The 22942 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 50%, 3 bedroom homes decreased by 14%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 18 | +28.6% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22942, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 18 homes were sold or pending in 22942 in November 2024, up by 28.6% month-over-month. Of the 18 sold homes, 28% were sold under asking, 50% were sold at asking, and 22% were sold over asking.
Days on Market for 22942, VA
How long does it take to sell a home in 22942, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 35 Days | 76 Days | +115.4% |
Summary: Homes in 22942 had an average of 76 days on market in Nov 2024, up by 115.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 22942 has remained consistent over time.
Summary: During November 2024, 18 homes were sold in 22942; 22% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. 
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Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes.