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The Northern Virginia Zip Code Where Prices Popped 40%

  • August 9th 2022

by UrbanTurf Staff

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A home that sold in 22307 earlier this year.

UrbanTurf is taking its annual look at the local housing markets around the DC region. Today, we head over to an Alexandria zip code where prices have shot up this year. 

The 22307 zip code that runs along the Potomac River and is home to neighborhoods like Belle Haven and Belle View has seen the median home price rise 43% in 2022. The price increase is largely driven by townhouses and large detached homes. Despite 133 homes selling this year, the average sales price to original list price ratio in the zip code sits above 102%. 

Below UrbanTurf plucked out several other interesting stats about the market in 22307.

  • $655,000 -- The median home price in 22307 this year. 
  • 79% -- The percentage of homes that sold in 10 days or less. 
  • 103% -- The average sales price to original list price ratio this year. 
  • 0.79 -- The months of supply of homes for sale in June. 

Photo courtesy of Tammy Loverdos/Showcase Photo Tours.

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See other articles related to: 22307, Alexandria real estate

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/the-northern-virginia-zip-code-where-prices-popped-40/19942.

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