$8,609 Closing Credit*
$725,000
3,762 SqFt
5 Beds
•4 Full Baths
SASHA TRIPP, Listing Office: STORY HOUSE REAL ESTATE
Is 22974, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 22974 was a Neutral Market.
Key Takeaway
22974 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 22974, VA
How much do homes in 22974, VA cost?
Median Sold Price
$425,401
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$24,151(-5.4%)
Key Takeaway
Homes in 22974 have sold for 5.4% less than they did a year ago.
Summary: The median home sold price in 22974 was $425,401 in October 2024, down 5.4% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $215K | $215K | 0.0% |
| 3 Bedrooms | $400K | $421K | +5.3% |
| 4 Bedrooms | $503K | $449.3K | -10.7% |
| 5+ Bedrooms | $762.5K | $560K | -26.6% |
Summary: 22974 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 10.7%, and 5+ bedroom homes decreased by 26.6%.
Housing Supply in 22974, VA
How many homes are available in 22974, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Summary: The 22974 real estate market had 9 homes for sale in October 2024, a 50.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 22974 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 increased by 50%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 22974, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in 22974 in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for 22974, VA
How long does it take to sell a home in 22974, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 5 Days | 6 Days | +9.1% |
Summary: Homes in 22974 had an average of 6 days on market in Oct 2024, up by 9.1% compared to last year.
Breakdown of Home Sale Times
2 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 22974 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in 22974; 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.
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved