Is 20109, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 20109 has remained a Seller's Market.
Key Takeaway
20109 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20109, VA
How much do homes in 20109, VA cost?
Median Sold Price
$406,000
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 20109 have sold for 14.4% more than they did a year ago.
Summary: The median home sold price in 20109 was $406,000 in March 2024, up 14.4% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195K | $212K | +8.7% |
| 2 Bedrooms | $285K | $310K | +8.8% |
| 3 Bedrooms | $360.6K | $390K | +8.2% |
| 4 Bedrooms | $447.5K | $495K | +10.6% |
| 5+ Bedrooms | $520K | $555K | +6.7% |
Summary: 20109 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.7%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 6.7%.
Housing Supply in 20109, VA
How many homes are available in 20109, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 71 | 88 | +23.9% |
Summary: The 20109 real estate market had 88 homes for sale in March 2024, a 23.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 15 | +7.1% |
| 3 Bedrooms | 36 | 45 | +25.0% |
| 4 Bedrooms | 17 | 19 | +11.8% |
| 5+ Bedrooms | 4 | 9 | +125.0% |
Summary: The 20109 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 125%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 17 | +6.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20109, you could pay more than the asking price. 70.6% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in 20109 in March 2024, up by 6.3% month-over-month. Of the 17 sold homes, 12% were sold under asking, 18% were sold at asking, and 71% were sold over asking.
Days on Market for 20109, VA
How long does it take to sell a home in 20109, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 11 Days | 8 Days | -23.5% |
Summary: Homes in 20109 had an average of 8 days on market in Mar 2024, down by 23.5% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20109 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 17 homes were sold in 20109; 94% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
