Is 20155, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 20155 has remained a Seller's Market.
Key Takeaway
20155 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20155, VA
How much do homes in 20155, VA cost?
Median Sold Price
$675,000
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 20155 have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in 20155 was $675,000 in March 2024, up 3.8% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195K | $256.7K | +31.7% |
| 2 Bedrooms | $412.5K | $410K | -0.6% |
| 3 Bedrooms | $532.5K | $525K | -1.4% |
| 4 Bedrooms | $685K | $773.7K | +13.0% |
| 5+ Bedrooms | $862.5K | $890K | +3.2% |
Summary: 20155 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.7%, 2 bedroom homes decreased by 0.6%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 3.2%.
Housing Supply in 20155, VA
How many homes are available in 20155, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 139 | 164 | +18.0% |
Summary: The 20155 real estate market had 164 homes for sale in March 2024, a 18.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 9 | 7 | -22.2% |
| 3 Bedrooms | 52 | 58 | +11.5% |
| 4 Bedrooms | 45 | 59 | +31.1% |
| 5+ Bedrooms | 33 | 39 | +18.2% |
Summary: The 20155 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 22.2%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 31.1%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 24 | 29 | +20.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20155, you could pay more than the asking price. 69% of homes here sold above asking price last month.
Summary: A total of 29 homes were sold or pending in 20155 in March 2024, up by 20.8% month-over-month. Of the 29 sold homes, 17% were sold under asking, 14% were sold at asking, and 69% were sold over asking.
Days on Market for 20155, VA
How long does it take to sell a home in 20155, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 16 Days | 10 Days | -36.7% |
Summary: Homes in 20155 had an average of 10 days on market in Mar 2024, down by 36.7% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 20155 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 29 homes were sold in 20155; 90% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
