Is 20191, 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, 20191 has remained a Seller's Market.
Key Takeaway
20191 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20191, VA
How much do homes in 20191, VA cost?
Median Sold Price
$564,666
$321/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 20191 have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in 20191 was $564,666 in March 2024, up 5.5% from last year, and the median price per square foot was $321.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $287K | +24.8% |
| 2 Bedrooms | $342K | $370K | +8.2% |
| 3 Bedrooms | $525K | $550K | +4.8% |
| 4 Bedrooms | $740K | $825K | +11.5% |
| 5+ Bedrooms | $910K | $891.5K | -2.0% |
Summary: 20191 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.8%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes decreased by 2%.
Housing Supply in 20191, VA
How many homes are available in 20191, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 112 | 124 | +10.7% |
Summary: The 20191 real estate market had 124 homes for sale in March 2024, a 10.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 2 | -60.0% |
| 2 Bedrooms | 20 | 27 | +35.0% |
| 3 Bedrooms | 41 | 49 | +19.5% |
| 4 Bedrooms | 31 | 30 | -3.2% |
| 5+ Bedrooms | 15 | 16 | +6.7% |
Summary: The 20191 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 60%, 2 bedroom homes increased by 35%, 3 bedroom homes increased by 19.5%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 6.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 31 | 34 | +9.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20191, you could pay more than the asking price. 64.7% of homes here sold above asking price last month.
Summary: A total of 34 homes were sold or pending in 20191 in March 2024, up by 9.7% month-over-month. Of the 34 sold homes, 15% were sold under asking, 21% were sold at asking, and 65% were sold over asking.
Days on Market for 20191, VA
How long does it take to sell a home in 20191, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 15 Days | 9 Days | -39.7% |
Summary: Homes in 20191 had an average of 9 days on market in Mar 2024, down by 39.7% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 20191 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 34 homes were sold in 20191; 94% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
