Is 20190, 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, 20190 was a Seller's Market.
Key Takeaway
20190 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 20190, VA
How much do homes in 20190, VA cost?
Median Sold Price
$505,062
$367/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 20190 have sold for 12.2% more than they did a year ago.
Summary: The median home sold price in 20190 was $505,062 in March 2024, up 12.2% from last year, and the median price per square foot was $367.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $299.9K | $317.5K | +5.8% |
| 2 Bedrooms | $375K | $406K | +8.3% |
| 3 Bedrooms | $600K | $650K | +8.3% |
| 4 Bedrooms | $706K | $732K | +3.7% |
| 5+ Bedrooms | $825K | $782.5K | -5.2% |
Summary: 20190 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.8%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes decreased by 5.2%.
Housing Supply in 20190, VA
How many homes are available in 20190, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 122 | 128 | +4.9% |
Summary: The 20190 real estate market had 128 homes for sale in March 2024, a 4.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 19 | 20 | +5.3% |
| 2 Bedrooms | 58 | 55 | -5.2% |
| 3 Bedrooms | 36 | 41 | +13.9% |
| 4 Bedrooms | 7 | 10 | +42.9% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 20190 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.3%, 2 bedroom homes decreased by 5.2%, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 27 | 20 | -25.9% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20190, you could pay more than the asking price. 40% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in 20190 in March 2024, down by 25.9% month-over-month. Of the 20 sold homes, 30% were sold under asking, 30% were sold at asking, and 40% were sold over asking.
Days on Market for 20190, VA
How long does it take to sell a home in 20190, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 19 Days | 12 Days | -34.6% |
Summary: Homes in 20190 had an average of 12 days on market in Mar 2024, down by 34.6% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20190 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 20 homes were sold in 20190; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
