$5,461 Closing Credit*
$459,900
2,501 SqFt
4 Beds
•2 Full Baths
Donald Ford, Listing Office: Hometown Realty
Is 23222, 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, 23222 has remained a Seller's Market.
Key Takeaway
23222 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 23222, VA
How much do homes in 23222, VA cost?
Median Sold Price
$328,487
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$35,487(+12.1%)
Key Takeaway
Homes in 23222 have sold for 12.1% more than they did a year ago.
Summary: The median home sold price in 23222 was $328,487 in October 2024, up 12.1% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $212.2K | $218K | +2.7% |
| 3 Bedrooms | $290K | $332.8K | +14.8% |
| 4 Bedrooms | $337.5K | $350K | +3.7% |
| 5+ Bedrooms | $501K | $419.5K | -16.3% |
Summary: 23222 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 increased by 2.7%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes decreased by 16.3%.
Housing Supply in 23222, VA
How many homes are available in 23222, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 135 | 151 | +11.9% |
Summary: The 23222 real estate market had 151 homes for sale in October 2024, a 11.9% 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 | 10 | 11 | +10.0% |
| 3 Bedrooms | 83 | 91 | +9.6% |
| 4 Bedrooms | 36 | 44 | +22.2% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The 23222 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 increased by 10%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 39 | +39.3% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 23222, you may be able to get a good deal. 48.7% of homes here sold below asking price last month.
Summary: A total of 39 homes were sold or pending in 23222 in October 2024, up by 39.3% month-over-month. Of the 39 sold homes, 49% were sold under asking, 21% were sold at asking, and 31% were sold over asking.
Days on Market for 23222, VA
How long does it take to sell a home in 23222, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 27 Days | 0.0% |
Summary: Homes in 23222 had an average of 27 days on market in Oct 2024, the same as last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 23222 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 39 homes were sold in 23222; 69% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
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