Is 20151, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 20151 was a Seller's Market.
Housing Prices in 20151, VA
How much do homes in 20151, VA cost?
Median Sold Price
$775,000
$311/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 20151 was $775,000 in March 2024, up 27.6% from last year, and the median price per square foot was $311.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $255K | $300.5K | +17.8% |
2 Bedrooms | $315K | $360K | +14.3% |
3 Bedrooms | $515K | $659K | +28.0% |
4 Bedrooms | $835K | $827.3K | -0.9% |
5+ Bedrooms | $870K | $932.5K | +7.2% |
Summary: 20151 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.8%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 28%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 7.2%.
Housing Supply in 20151, VA
How many homes are available in 20151, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
66 | 73 | +10.6% |
Summary: The 20151 real estate market had 73 homes for sale in March 2024, a 10.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 7 | 13 | +85.7% |
3 Bedrooms | 19 | 23 | +21.1% |
4 Bedrooms | 29 | 28 | -3.4% |
5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The 20151 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 85.7%, 3 bedroom homes increased by 21.1%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 12 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in 20151 in March 2024, up by 50.0% month-over-month. Of the 12 sold homes, 17% were sold under asking, 25% were sold at asking, and 58% were sold over asking.
Days on Market for 20151, VA
How long does it take to sell a home in 20151, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
4 Days | 8 Days | +83.6% |
Summary: Homes in 20151 had an average of 8 days on market in Mar 2024, up by 83.6% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 12 homes were sold in 20151; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.