Is 20115, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 20115 is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, 20115 has remained a Seller's Market.

Key Takeaway

20115 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 20115, VA

How much do homes in 20115, VA cost?

Median Sold Price

$601,000

$253/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$96,000(+19.0%)

Key Takeaway

Homes in 20115 have sold for 19% more than they did a year ago.

Summary: The median home sold price in 20115 was $601,000 in February 2024, up 19% from last year, and the median price per square foot was $253.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $430K-
N/A
2 $290K$442.9K
+52.7%
3 $475.5K$420K
-11.7%
4 $538K$752.6K
+39.9%
5+ $849.5K$1.2M
+48.3%

Summary: 20115 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 52.7%, 3 bedroom homes decreased by 11.7%, 4 bedroom homes increased by 39.9%, and 5+ bedroom homes increased by 48.3%.

Housing Supply in 20115, VA

How many homes are available in 20115, VA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
4842-12.5%

Summary: The 20115 real estate market had 42 homes for sale in February 2024, a 12.5% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 11
0.0%
3 3227
-15.6%
4 910
+11.1%
5+ 64
-33.3%

Summary: The 20115 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 15.6%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
614+133.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 20115, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in 20115 in February 2024, up by 133.3% month-over-month. Of the 14 sold homes, 43% were sold under asking, 21% were sold at asking, and 36% were sold over asking.

Days on Market for 20115, VA

How long does it take to sell a home in 20115, VA?

Average Sale Time

Feb 2023Feb 2024CHANGE
20 Days33 Days+64.8%

Summary: Homes in 20115 had an average of 33 days on market in Feb 2024, up by 64.8% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 20115 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 14 homes were sold in 20115; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in 20115, VA

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