Is 20111, 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, 20111 has remained a Seller's Market.
Key Takeaway
20111 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20111, VA
How much do homes in 20111, VA cost?
Median Sold Price
$469,333
$243/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 20111 have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in 20111 was $469,333 in March 2024, up 4.8% from last year, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $380K | N/A |
| 2 Bedrooms | $305K | $320K | +4.9% |
| 3 Bedrooms | $406K | $435K | +7.1% |
| 4 Bedrooms | $565.5K | $600K | +6.1% |
| 5+ Bedrooms | $653.7K | $674.5K | +3.2% |
Summary: 20111 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 3.2%.
Housing Supply in 20111, VA
How many homes are available in 20111, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 135 | 134 | -0.7% |
Summary: The 20111 real estate market had 134 homes for sale in March 2024, a 0.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 4 | -42.9% |
| 3 Bedrooms | 49 | 48 | -2.0% |
| 4 Bedrooms | 46 | 44 | -4.3% |
| 5+ Bedrooms | 32 | 37 | +15.6% |
Summary: The 20111 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 decreased by 42.9%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 15.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 25 | 27 | +8.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20111, you could pay more than the asking price. 51.9% of homes here sold above asking price last month.
Summary: A total of 27 homes were sold or pending in 20111 in March 2024, up by 8.0% month-over-month. Of the 27 sold homes, 33% were sold under asking, 15% were sold at asking, and 52% were sold over asking.
Days on Market for 20111, VA
How long does it take to sell a home in 20111, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 35 Days | 29 Days | -14.6% |
Summary: Homes in 20111 had an average of 29 days on market in Mar 2024, down by 14.6% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20111 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 27 homes were sold in 20111; 70% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
