Is 20110, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 20110 has remained a Seller's Market.
Key Takeaway
20110 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20110, VA
How much do homes in 20110, VA cost?
Median Sold Price
$499,487
$252/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 20110 have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in 20110 was $499,487 in April 2024, up 4.5% from last year, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $186K | $211K | +13.4% |
| 2 Bedrooms | $277K | $285K | +2.9% |
| 3 Bedrooms | $435K | $460K | +5.7% |
| 4 Bedrooms | $539K | $585.2K | +8.6% |
| 5+ Bedrooms | $652K | $686.5K | +5.3% |
Summary: 20110 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.4%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 5.3%.
Housing Supply in 20110, VA
How many homes are available in 20110, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 97 | 116 | +19.6% |
Summary: The 20110 real estate market had 116 homes for sale in April 2024, a 19.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 22 | 21 | -4.5% |
| 3 Bedrooms | 39 | 54 | +38.5% |
| 4 Bedrooms | 25 | 25 | 0.0% |
| 5+ Bedrooms | 10 | 14 | +40.0% |
Summary: The 20110 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 4.5%, 3 bedroom homes increased by 38.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 36 | 36 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20110, you could pay more than the asking price. 63.9% of homes here sold above asking price last month.
Summary: A total of 36 homes were sold or pending in 20110 in April 2024, the same as the previous month. Of the 36 sold homes, 17% were sold under asking, 19% were sold at asking, and 64% were sold over asking.
Days on Market for 20110, VA
How long does it take to sell a home in 20110, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 9 Days | 6 Days | -37.3% |
Summary: Homes in 20110 had an average of 6 days on market in Apr 2024, down by 37.3% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20110 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 36 homes were sold in 20110; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
