Is 20124, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, 20124 was a Neutral Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $271.5K | N/A |
2 Bedrooms | $339.5K | $370K | +9.0% |
3 Bedrooms | $547K | $642.4K | +17.4% |
4 Bedrooms | $934K | $885.8K | -5.2% |
5+ Bedrooms | $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%.
Housing Supply in 20124, VA
How many homes are available in 20124, VA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
48 | 57 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 5 | 4 | -20.0% |
3 Bedrooms | 8 | 13 | +62.5% |
4 Bedrooms | 16 | 19 | +18.8% |
5+ Bedrooms | 18 | 20 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
4 | 10 | +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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
4 Days | 21 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
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.