Is 20121, 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, 20121 has remained a Seller's Market.
Key Takeaway
20121 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20121, VA
How much do homes in 20121, VA cost?
Median Sold Price
$500,000
$310/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 20121 have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in 20121 was $500,000 in March 2024, up 6.5% from last year, and the median price per square foot was $310.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $227K | $262.5K | +15.6% |
| 2 Bedrooms | $316.2K | $381.5K | +20.6% |
| 3 Bedrooms | $490K | $525K | +7.1% |
| 4 Bedrooms | $750K | $770K | +2.7% |
| 5+ Bedrooms | $871.2K | $860K | -1.3% |
Summary: 20121 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.6%, 2 bedroom homes increased by 20.6%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes decreased by 1.3%.
Housing Supply in 20121, VA
How many homes are available in 20121, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 67 | 85 | +26.9% |
Summary: The 20121 real estate market had 85 homes for sale in March 2024, a 26.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 15 | +66.7% |
| 2 Bedrooms | 17 | 19 | +11.8% |
| 3 Bedrooms | 21 | 32 | +52.4% |
| 4 Bedrooms | 14 | 13 | -7.1% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 20121 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 52.4%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 20 | +66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20121, you could pay more than the asking price. 85% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in 20121 in March 2024, up by 66.7% month-over-month. Of the 20 sold homes, 0% were sold under asking, 15% were sold at asking, and 85% were sold over asking.
Days on Market for 20121, VA
How long does it take to sell a home in 20121, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 7 Days | 4 Days | -38.7% |
Summary: Homes in 20121 had an average of 4 days on market in Mar 2024, down by 38.7% compared to last year.
Breakdown of Home Sale Times
20 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 20121 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 20 homes were sold in 20121; 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.
