Is 20166, 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, 20166 has remained a Seller's Market.
Key Takeaway
20166 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20166, VA
How much do homes in 20166, VA cost?
Median Sold Price
$595,000
$283/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 20166 have sold for 11.2% more than they did a year ago.
Summary: The median home sold price in 20166 was $595,000 in March 2024, up 11.2% from last year, and the median price per square foot was $283.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $357.2K | $376K | +5.2% |
| 3 Bedrooms | $527.5K | $585K | +10.9% |
| 4 Bedrooms | $625K | $660K | +5.6% |
| 5+ Bedrooms | $788K | $825.2K | +4.7% |
Summary: 20166 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 increased by 5.2%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 4.7%.
Housing Supply in 20166, VA
How many homes are available in 20166, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 40 | 39 | -2.5% |
Summary: The 20166 real estate market had 39 homes for sale in March 2024, a 2.5% decrease 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 | 2 | 4 | +100.0% |
| 3 Bedrooms | 19 | 18 | -5.3% |
| 4 Bedrooms | 15 | 14 | -6.7% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 20166 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 increased by 100%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20166, expect to pay close to the asking price. 55.6% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in 20166 in March 2024, down by 10.0% month-over-month. Of the 9 sold homes, 0% were sold under asking, 56% were sold at asking, and 44% were sold over asking.
Days on Market for 20166, VA
How long does it take to sell a home in 20166, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 20 Days | 8 Days | -55.6% |
Summary: Homes in 20166 had an average of 8 days on market in Mar 2024, down by 55.6% compared to last year.
Breakdown of Home Sale Times
9 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 20166 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 9 homes were sold in 20166; 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.
