Is 20176, 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, 20176 has remained a Seller's Market.
Key Takeaway
20176 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20176, VA
How much do homes in 20176, VA cost?
Median Sold Price
$740,666
$260/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 20176 have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in 20176 was $740,666 in April 2024, up 5.6% from last year, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | $299K | +17.3% |
| 2 Bedrooms | $375K | $390K | +4.0% |
| 3 Bedrooms | $552.5K | $635K | +14.9% |
| 4 Bedrooms | $830K | $840K | +1.2% |
| 5+ Bedrooms | $1.0M | $1.1M | +12.4% |
Summary: 20176 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.3%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 14.9%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 12.4%.
Median Sold Price Compared To Nearby Zip Codes
| 20180 | $685K | $737K | +7.6% |
| 20176 | $701.6K | $740.6K | +5.6% |
Housing Supply in 20176, VA
How many homes are available in 20176, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 131 | 164 | +25.2% |
Summary: The 20176 real estate market had 164 homes for sale in April 2024, a 25.2% 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 | 34 | 35 | +2.9% |
| 3 Bedrooms | 33 | 42 | +27.3% |
| 4 Bedrooms | 31 | 45 | +45.2% |
| 5+ Bedrooms | 33 | 41 | +24.2% |
Summary: The 20176 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 increased by 2.9%, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 45.2%, and 5+ bedroom homes increased by 24.2%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 43 | 55 | +27.9% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
35 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20176, you could pay more than the asking price. 63.6% of homes here sold above asking price last month.
Summary: A total of 55 homes were sold or pending in 20176 in April 2024, up by 27.9% month-over-month. Of the 55 sold homes, 25% were sold under asking, 11% were sold at asking, and 64% were sold over asking.
Days on Market for 20176, VA
How long does it take to sell a home in 20176, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 17 Days | 20 Days | +17.8% |
Summary: Homes in 20176 had an average of 20 days on market in Apr 2024, up by 17.8% compared to last year.
Breakdown of Home Sale Times
46 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20176 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 55 homes were sold in 20176; 84% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
