Is 20152, 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, 20152 was a Seller's Market.
Key Takeaway
20152 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 20152, VA
How much do homes in 20152, VA cost?
Median Sold Price
$701,380
$266/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in 20152 has remained the same since last year.
Summary: The median home sold price in 20152 was $701,380 in March 2024, up 0.1% from last year, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $420K | $410K | -2.4% |
| 3 Bedrooms | $561K | $618.9K | +10.3% |
| 4 Bedrooms | $857.5K | $852K | -0.6% |
| 5+ Bedrooms | $1.0M | $1.1M | +7.1% |
Summary: 20152 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.4%, 3 bedroom homes increased by 10.3%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 7.1%.
Housing Supply in 20152, VA
How many homes are available in 20152, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 96 | 118 | +22.9% |
Summary: The 20152 real estate market had 118 homes for sale in March 2024, a 22.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 45 | 52 | +15.6% |
| 4 Bedrooms | 29 | 40 | +37.9% |
| 5+ Bedrooms | 22 | 26 | +18.2% |
Summary: The 20152 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 37.9%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 24 | 17 | -29.2% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20152, you could pay more than the asking price. 88.2% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in 20152 in March 2024, down by 29.2% month-over-month. Of the 17 sold homes, 6% were sold under asking, 6% were sold at asking, and 88% were sold over asking.
Days on Market for 20152, VA
How long does it take to sell a home in 20152, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 6 Days | 4 Days | -29.7% |
Summary: Homes in 20152 had an average of 4 days on market in Mar 2024, down by 29.7% compared to last year.
Breakdown of Home Sale Times
17 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 20152 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 17 homes were sold in 20152; 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.
