Is 20120, 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, 20120 has remained a Seller's Market.
Housing Prices in 20120, VA
How much do homes in 20120, VA cost?
Median Sold Price
$601,500
$302/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 20120 was $601,500 in March 2024, up 2.3% from last year, and the median price per square foot was $302.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $262.5K | $267.5K | +1.9% |
2 Bedrooms | $358K | $370K | +3.4% |
3 Bedrooms | $524.4K | $520K | -0.8% |
4 Bedrooms | $750K | $796K | +6.1% |
5+ Bedrooms | $904.5K | $970K | +7.2% |
Summary: 20120 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.9%, 2 bedroom homes increased by 3.4%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 7.2%.
Housing Supply in 20120, VA
How many homes are available in 20120, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
91 | 118 | +29.7% |
Summary: The 20120 real estate market had 118 homes for sale in March 2024, a 29.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 12 | 12 | 0.0% |
3 Bedrooms | 40 | 50 | +25.0% |
4 Bedrooms | 27 | 35 | +29.6% |
5+ Bedrooms | 12 | 20 | +66.7% |
Summary: The 20120 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 29.6%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 26 | +136.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in 20120 in March 2024, up by 136.4% month-over-month. Of the 26 sold homes, 12% were sold under asking, 12% were sold at asking, and 77% were sold over asking.
Days on Market for 20120, VA
How long does it take to sell a home in 20120, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
6 Days | 14 Days | +110.1% |
Summary: Homes in 20120 had an average of 14 days on market in Mar 2024, up by 110.1% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 26 homes were sold in 20120; 92% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.