Is 20175, 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, 20175 has remained a Seller's Market.
Housing Prices in 20175, VA
How much do homes in 20175, VA cost?
Median Sold Price
$781,622
$272/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 20175 was $781,622 in March 2024, up 6.1% from last year, and the median price per square foot was $272.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $278K | $292.4K | +5.2% |
2 Bedrooms | $340K | $321.2K | -5.5% |
3 Bedrooms | $550K | $570K | +3.6% |
4 Bedrooms | $839.5K | $901.3K | +7.4% |
5+ Bedrooms | $1.0M | $1.1M | +13.8% |
Summary: 20175 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.2%, 2 bedroom homes decreased by 5.5%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 13.8%.
Housing Supply in 20175, VA
How many homes are available in 20175, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
208 | 211 | +1.4% |
Summary: The 20175 real estate market had 211 homes for sale in March 2024, a 1.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 5 | -16.7% |
2 Bedrooms | 19 | 15 | -21.1% |
3 Bedrooms | 33 | 38 | +15.2% |
4 Bedrooms | 91 | 92 | +1.1% |
5+ Bedrooms | 59 | 61 | +3.4% |
Summary: The 20175 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes decreased by 21.1%, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 3.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
30 | 40 | +33.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 40 homes were sold or pending in 20175 in March 2024, up by 33.3% month-over-month. Of the 40 sold homes, 30% were sold under asking, 25% were sold at asking, and 45% were sold over asking.
Days on Market for 20175, VA
How long does it take to sell a home in 20175, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
39 Days | 19 Days | -50.8% |
Summary: Homes in 20175 had an average of 19 days on market in Mar 2024, down by 50.8% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 40 homes were sold in 20175; 88% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.