$269,000
16.00 Acres
Land
ANGELINA SANTUS, Listing Office: EXP REALTY LLC - FREDERICKSBURG
Is 22973, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, 22973 has remained a Seller's Market.
Key Takeaway
22973 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 22973, VA
How much do homes in 22973, VA cost?
Median Sold Price
$391,500
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$61,500(+18.6%)
Key Takeaway
Homes in 22973 have sold for 18.6% more than they did a year ago.
Summary: The median home sold price in 22973 was $391,500 in September 2024, up 18.6% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $232K | $206K | -11.2% |
| 2 Bedrooms | $265K | $280K | +5.7% |
| 3 Bedrooms | $324.9K | $349K | +7.4% |
| 4 Bedrooms | $400K | $455K | +13.8% |
| 5+ Bedrooms | $1.5M | $555K | -63.1% |
Summary: 22973 housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.2%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes decreased by 63.1%.
Median Sold Price Compared To Nearby Zip Codes
| 22973 | $330K | $391.5K | +18.6% |
| 22968 | $409.5K | $425K | +3.8% |
| 22827 | $288K | $250K | -13.2% |
Housing Supply in 22973, VA
How many homes are available in 22973, VA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 30 | 38 | +26.7% |
Summary: The 22973 real estate market had 38 homes for sale in September 2024, a 26.7% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 5 | 9 | +80.0% |
| 3 Bedrooms | 19 | 21 | +10.5% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 22973 housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 80%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 0 | 7 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22973, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in 22973 in September 2024, up by 100.0% month-over-month. Of the 7 sold homes, 14% were sold under asking, 29% were sold at asking, and 57% were sold over asking.
Days on Market for 22973, VA
How long does it take to sell a home in 22973, VA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 54 Days | 8 Days | -84.2% |
Summary: Homes in 22973 had an average of 8 days on market in Sep 2024, down by 84.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 22973 are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 7 homes were sold in 22973; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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.