Is 20164, 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, 20164 has remained a Seller's Market.
Key Takeaway
20164 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20164, VA
How much do homes in 20164, VA cost?
Median Sold Price
$563,500
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 20164 have sold for 12.7% more than they did a year ago.
Summary: The median home sold price in 20164 was $563,500 in March 2024, up 12.7% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $299.9K | $198K | -34.0% |
| 2 Bedrooms | $320K | $381.2K | +19.1% |
| 3 Bedrooms | $464.9K | $525.5K | +13.0% |
| 4 Bedrooms | $592.5K | $617.5K | +4.2% |
| 5+ Bedrooms | $600K | $665K | +10.8% |
Summary: 20164 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34%, 2 bedroom homes increased by 19.1%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 10.8%.
Housing Supply in 20164, VA
How many homes are available in 20164, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 170 | 170 | 0.0% |
Summary: The 20164 real estate market had 170 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 63 | 60 | -4.8% |
| 3 Bedrooms | 54 | 50 | -7.4% |
| 4 Bedrooms | 40 | 44 | +10.0% |
| 5+ Bedrooms | 10 | 13 | +30.0% |
Summary: The 20164 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 decreased by 4.8%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 27 | 31 | +14.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20164, you could pay more than the asking price. 48.4% of homes here sold above asking price last month.
Summary: A total of 31 homes were sold or pending in 20164 in March 2024, up by 14.8% month-over-month. Of the 31 sold homes, 19% were sold under asking, 32% were sold at asking, and 48% were sold over asking.
Days on Market for 20164, VA
How long does it take to sell a home in 20164, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 27 Days | 13 Days | -49.6% |
Summary: Homes in 20164 had an average of 13 days on market in Mar 2024, down by 49.6% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20164 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 31 homes were sold in 20164; 87% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
