Is 20169, 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, 20169 was a Seller's Market.
Key Takeaway
20169 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 20169, VA
How much do homes in 20169, VA cost?
Median Sold Price
$714,266
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 20169 have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in 20169 was $714,266 in March 2024, up 5.3% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $570K | $435K | -23.7% |
| 3 Bedrooms | $593.8K | $580K | -2.3% |
| 4 Bedrooms | $770K | $808.5K | +5.0% |
| 5+ Bedrooms | $975K | $960K | -1.5% |
Summary: 20169 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 23.7%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 5%, and 5+ bedroom homes decreased by 1.5%.
Median Sold Price Compared To Nearby Zip Codes
| 20169 | $678.2K | $714.2K | +5.3% |
| 20155 | $650K | $675K | +3.8% |
| 20137 | $691.1K | $710.5K | +2.8% |
Housing Supply in 20169, VA
How many homes are available in 20169, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 133 | 136 | +2.3% |
Summary: The 20169 real estate market had 136 homes for sale in March 2024, a 2.3% 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 | 9 | 12 | +33.3% |
| 3 Bedrooms | 42 | 42 | 0.0% |
| 4 Bedrooms | 38 | 40 | +5.3% |
| 5+ Bedrooms | 44 | 42 | -4.5% |
Summary: The 20169 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 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 4.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 23 | 21 | -8.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20169, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in 20169 in March 2024, down by 8.7% month-over-month. Of the 21 sold homes, 14% were sold under asking, 14% were sold at asking, and 71% were sold over asking.
Days on Market for 20169, VA
How long does it take to sell a home in 20169, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 17 Days | 8 Days | -49.6% |
Summary: Homes in 20169 had an average of 8 days on market in Mar 2024, down by 49.6% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20169 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 21 homes were sold in 20169; 95% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
