Is 20148, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 20148 has remained a Seller's Market.
Key Takeaway
20148 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20148, VA
How much do homes in 20148, VA cost?
Median Sold Price
$789,000
$271/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 20148 have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in 20148 was $789,000 in April 2024, up 3.6% from last year, and the median price per square foot was $271.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $276K | $305K | +10.5% |
| 2 Bedrooms | $460K | $464.5K | +1.0% |
| 3 Bedrooms | $640K | $668.7K | +4.5% |
| 4 Bedrooms | $845K | $875K | +3.6% |
| 5+ Bedrooms | $1.0M | $1.1M | +9.1% |
Summary: 20148 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.5%, 2 bedroom homes increased by 1%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 9.1%.
Housing Supply in 20148, VA
How many homes are available in 20148, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 138 | 166 | +20.3% |
Summary: The 20148 real estate market had 166 homes for sale in April 2024, a 20.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 14 | 11 | -21.4% |
| 3 Bedrooms | 49 | 70 | +42.9% |
| 4 Bedrooms | 41 | 51 | +24.4% |
| 5+ Bedrooms | 32 | 33 | +3.1% |
Summary: The 20148 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 21.4%, 3 bedroom homes increased by 42.9%, 4 bedroom homes increased by 24.4%, and 5+ bedroom homes increased by 3.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 41 | 65 | +58.5% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
34 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20148, you could pay more than the asking price. 52.3% of homes here sold above asking price last month.
Summary: A total of 65 homes were sold or pending in 20148 in April 2024, up by 58.5% month-over-month. Of the 65 sold homes, 25% were sold under asking, 23% were sold at asking, and 52% were sold over asking.
Days on Market for 20148, VA
How long does it take to sell a home in 20148, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 19 Days | 14 Days | -23.1% |
Summary: Homes in 20148 had an average of 14 days on market in Apr 2024, down by 23.1% compared to last year.
Breakdown of Home Sale Times
58 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20148 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 65 homes were sold in 20148; 89% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
