Is 20171, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 20171 has remained a Seller's Market.
Key Takeaway
20171 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20171, VA
How much do homes in 20171, VA cost?
Median Sold Price
$705,000
$325/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 20171 have sold for 2.7% less than they did a year ago.
Summary: The median home sold price in 20171 was $705,000 in April 2024, down 2.7% from last year, and the median price per square foot was $325.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $285K | $276K | -3.2% |
| 2 Bedrooms | $407.5K | $420K | +3.1% |
| 3 Bedrooms | $593.5K | $600K | +1.1% |
| 4 Bedrooms | $826K | $867K | +5.0% |
| 5+ Bedrooms | $1.0M | $1.0M | -1.8% |
Summary: 20171 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.2%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 5%, and 5+ bedroom homes decreased by 1.8%.
Housing Supply in 20171, VA
How many homes are available in 20171, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 68 | 108 | +58.8% |
Summary: The 20171 real estate market had 108 homes for sale in April 2024, a 58.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 13 | 13 | 0.0% |
| 3 Bedrooms | 20 | 33 | +65.0% |
| 4 Bedrooms | 22 | 40 | +81.8% |
| 5+ Bedrooms | 13 | 21 | +61.5% |
Summary: The 20171 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 65%, 4 bedroom homes increased by 81.8%, and 5+ bedroom homes increased by 61.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 23 | 36 | +56.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20171, you could pay more than the asking price. 77.8% of homes here sold above asking price last month.
Summary: A total of 36 homes were sold or pending in 20171 in April 2024, up by 56.5% month-over-month. Of the 36 sold homes, 14% were sold under asking, 8% were sold at asking, and 78% were sold over asking.
Days on Market for 20171, VA
How long does it take to sell a home in 20171, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 15 Days | 7 Days | -54.0% |
Summary: Homes in 20171 had an average of 7 days on market in Apr 2024, down by 54% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20171 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 36 homes were sold in 20171; 94% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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