Is 20170, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 20170 is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, 20170 has remained a Seller's Market.

Key Takeaway

20170 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 20170, VA

How much do homes in 20170, VA cost?

Median Sold Price

$630,625

$304/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$5,625(+0.9%)

Key Takeaway

Homes in 20170 have sold for 0.9% more than they did a year ago.

Summary: The median home sold price in 20170 was $630,625 in February 2024, up 0.9% from last year, and the median price per square foot was $304.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $240K$265K
+10.4%
2 $315K$335K
+6.3%
3 $561K$540K
-3.7%
4 $695K$749.9K
+7.9%
5+ $850K$807.4K
-5.0%

Summary: 20170 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.4%, 2 bedroom homes increased by 6.3%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes decreased by 5%.

Median Sold Price Compared To Nearby Zip Codes

20164
+10.3%
20190
+7.9%
20194
+3.7%
20191
+2.7%
20170
+0.9%

Housing Supply in 20170, VA

How many homes are available in 20170, VA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
7692+21.1%

Summary: The 20170 real estate market had 92 homes for sale in February 2024, a 21.1% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 24
+100.0%
2 89
+12.5%
3 1822
+22.2%
4 3033
+10.0%
5+ 1824
+33.3%

Summary: The 20170 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1718+5.9%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 20170, you could pay more than the asking price. 61.1% of homes here sold above asking price last month.

Summary: A total of 18 homes were sold or pending in 20170 in February 2024, up by 5.9% month-over-month. Of the 18 sold homes, 22% were sold under asking, 17% were sold at asking, and 61% were sold over asking.

Days on Market for 20170, VA

How long does it take to sell a home in 20170, VA?

Average Sale Time

Feb 2023Feb 2024CHANGE
19 Days4 Days-76.7%

Summary: Homes in 20170 had an average of 4 days on market in Feb 2024, down by 76.7% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 20170 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 18 homes were sold in 20170; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in 20170, VA

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