22508 Home Values & Market Trends
There are 47 homes currently listed for 22508. 22508 real estate market trends show that home prices range from $143,750 to $1,000,000, and the median sales price in the 22508 zip code is $404,330.56. The total number of properties sold within the past twelve months is 364. In 22508, 5 properties are in foreclosure, 0 are bank owned properties,and 5 are headed for auction.
Housing Market Summary for 22508
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $360K | $400.4K | 11.22% |
| Median Sold Price | $368K | $400.4K | 8.80% |
| Homes For Sale | 49 | 45 | -8.16% |
| Homes Sold | 155 | 164 | 5.81% |
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%.
Recently Sold Homes
Explore recent offers and recently sold homes in 22508
Browse Homes in 22508
The median list price of a home in Locust Grove, is $404,330.56. A total of 47 properties are for sale, and the percentage of properties for sale in the zip code is 47.00%. The total count of 22508 properties is 6,811.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in 22508 with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 22508; of that 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 OwnedThe median estimated home value of bank owned homes (REO properties) in 22508 ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in 22508. There is 1 cities within 22508; N/A containing 0 REO properties, has the highest number of bank owned properties in a single city.
- Auctionslocust grove has 5 auction properties, the highest number of properties going to auction in a single city in the state of 22508. Auction homes and other auction properties account for 0.07% of all properties in 22508. There is 1 cities within 22508; of that cities, the median estimated home value for homes going to auction ranges from $524,344 in locust grove to the lowest value of $265,971 in locust grove.
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Guide for 22508
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A glance at the real estate market in Norfolk, Virginia, highlighting rising property values, increasing desirability, and trends in nearby cities.
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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.