Is 20124, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 20124 is a seller's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 20124 was a Neutral Market.

Key Takeaway

20124 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 20124, VA

How much do homes in 20124, VA cost?

Median Sold Price

$885,000

$272/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$60,000(-6.3%)

Key Takeaway

Homes in 20124 have sold for 6.3% less than they did a year ago.

Summary: The median home sold price in 20124 was $885,000 in February 2024, down 6.3% from last year, and the median price per square foot was $272.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$271.5K
N/A
2 $339.5K$370K
+9.0%
3 $547K$642.4K
+17.4%
4 $934K$885.8K
-5.2%
5+ $1.0M$1.1M
+10.0%

Summary: 20124 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 9%, 3 bedroom homes increased by 17.4%, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes increased by 10%.

Median Sold Price Compared To Nearby Zip Codes

22030
+8.3%
20121
+5.3%
20111
+4.4%
22039
-1.9%
20124
-6.3%

Housing Supply in 20124, VA

How many homes are available in 20124, VA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
4857+18.8%

Summary: The 20124 real estate market had 57 homes for sale in February 2024, a 18.8% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 54
-20.0%
3 813
+62.5%
4 1619
+18.8%
5+ 1820
+11.1%

Summary: The 20124 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 decreased by 20%, 3 bedroom homes increased by 62.5%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
410+150.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 20124, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 10 homes were sold or pending in 20124 in February 2024, up by 150.0% month-over-month. Of the 10 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.

Days on Market for 20124, VA

How long does it take to sell a home in 20124, VA?

Average Sale Time

Feb 2023Feb 2024CHANGE
4 Days21 Days+348.4%

Summary: Homes in 20124 had an average of 21 days on market in Feb 2024, up by 348.4% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 20124 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 10 homes were sold in 20124; 80% of homes were sold within 30 days, 20% 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 27 Days Ago

Newest Listings in 20124, VA

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