Is 20112, 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, 20112 has remained a Neutral Market.
Key Takeaway
20112 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 20112, VA
How much do homes in 20112, VA cost?
Median Sold Price
$696,333
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 20112 have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in 20112 was $696,333 in March 2024, up 4.2% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $391.5K | $418.3K | +6.9% |
| 3 Bedrooms | $525K | $550K | +4.8% |
| 4 Bedrooms | $685K | $695K | +1.5% |
| 5+ Bedrooms | $779K | $786.2K | +0.9% |
Summary: 20112 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 6.9%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 0.9%.
Housing Supply in 20112, VA
How many homes are available in 20112, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 114 | 128 | +12.3% |
Summary: The 20112 real estate market had 128 homes for sale in March 2024, a 12.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 19 | 21 | +10.5% |
| 4 Bedrooms | 55 | 58 | +5.5% |
| 5+ Bedrooms | 32 | 42 | +31.3% |
Summary: The 20112 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 16.7%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 31.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 19 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20112, you could pay more than the asking price. 68.4% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in 20112 in March 2024, the same as the previous month. Of the 19 sold homes, 11% were sold under asking, 21% were sold at asking, and 68% were sold over asking.
Days on Market for 20112, VA
How long does it take to sell a home in 20112, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 41 Days | 9 Days | -76.4% |
Summary: Homes in 20112 had an average of 9 days on market in Mar 2024, down by 76.4% compared to last year.
Breakdown of Home Sale Times
18 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 20112 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 19 homes were sold in 20112; 95% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
