22406 Home Values & Market Trends

There are 63 homes currently listed for 22406. 22406 real estate market trends show that home prices range from $129,900 to $1,600,000, and the median sales price in the 22406 zip code is $517,781.31. The total number of properties sold within the past twelve months is 433. In 22406, 6 properties are in foreclosure, 1 are bank owned properties,and 5 are headed for auction.

22406 Real Estate Market Overview

CityMedian Est. ValueCityMedian Est. Value
Fredericksburg

$ 443,736

$ 191/sqft

Fredericksburg

$ 443,736

$ 191/sqft

Fredericksburg

$ 443,736

$ 191/sqft

Housing Market Summary for 22406

Apr 2023March 2024Change
Median Listing Price$444.4K$502.4K13.04%
Median Sold Price$499.1K$502.4K0.65%
Homes For Sale60646.67%
Homes Sold21224415.09%
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in 22406

The median list price of a home in Fredericksburg, is $517,781.31. A total of 63 properties are for sale, and the percentage of properties for sale in the zip code is 63.00%. The total count of 22406 properties is 8,694.

Foreclosure
There are 3 cities within 22406; within these cities, the median estimated home value for homes in foreclosure ranges from $771,506 in fredericksburg to the lowest value of $130,366 in fredericksburg. Foreclosure homes account for 0.00% of properties in 22406 with fredericksburg containing 49 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in 22406 with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 3 cities within 22406; of those cities, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in 22406 ranges from the highest value of $421,752 in fredericksburg to the lowest value of $206,571 in fredericksburg. Bank owned homes and properties account for 0.01% of properties in 22406. There are 3 cities within 22406; fredericksburg containing 5 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    fredericksburg has 44 auction properties, the highest number of properties going to auction in a single city in the state of 22406. Auction homes and other auction properties account for 0.06% of all properties in 22406. There are 3 cities within 22406; of those cities, the median estimated home value for homes going to auction ranges from $771,506 in fredericksburg to the lowest value of $130,366 in fredericksburg.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.72% of residential properties in 22406 with fredericksburg containing 409 homes for sale, the highest number of listed properties in a single city. There are 3 cities within 22406; homes for sale in those cities, have a range of median values from $4,100,009 in fredericksburg to the lowest value of $63,680 in fredericksburg.
    Sold Homes
    The median value for recently sold homes ranges from $2,272,170 in fredericksburg to the lowest price of $50,050 in fredericksburg. There are 3 cities within 22406. fredericksburg has 1476 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 2.90% of properties in 22406.

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      Guide for 22406

      Market Reports
      Richmond Real Estate on the Rise: Property Values Up 7% from 2023 to 2024
      Market Reports
      Steady Growth Marks Norfolk Real Estate Landscape; Property Value Reaches $315K in March 2024
      Market Reports
      Chesapeake Property Values Rise 7%, Sales Dynamics Vary in Recent Analysis
      Market Reports
      Virginia Beach House Values Show Impressive Uptrend: Average Value Soars from $375k to $405k in 2023
      See More Articles
      Richmond Real Estate on the Rise: Property Values Up 7% from 2023 to 2024
      Market Reports|posted 1 April 2024

      Richmond’s real estate market shows consistent growth, with trends indicating increasing property values and demand.

      Steady Growth Marks Norfolk Real Estate Landscape; Property Value Reaches $315K in March 2024
      Market Reports|posted 25 March 2024

      A glance at the real estate market in Norfolk, Virginia, highlighting rising property values, increasing desirability, and trends in nearby cities.

      Chesapeake Property Values Rise 7%, Sales Dynamics Vary in Recent Analysis
      Market Reports|posted 20 March 2024

      The Chesapeake real estate market has seen steady growth in property values, increasing by 7% over 11 months.

      Virginia Beach House Values Show Impressive Uptrend: Average Value Soars from $375k to $405k in 2023
      Market Reports|posted 13 February 2024

      The property market in Virginia Beach, VA, has generally seen an increase in property values, per square foot values, and sold prices from 2022 to 2023. Factors such as economic growth and societal changes may contribute to this upward trend.

      Recently Listed Homes 22406

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