Is 20194, 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, 20194 has remained a Seller's Market.
Housing Prices in 20194, VA
How much do homes in 20194, VA cost?
Median Sold Price
$692,500
$341/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 20194 was $692,500 in March 2024, up 1.5% from last year, and the median price per square foot was $341.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $245K | $270K | +10.2% |
2 Bedrooms | $425K | $455K | +7.1% |
3 Bedrooms | $625K | $705K | +12.8% |
4 Bedrooms | $944.5K | $997K | +5.6% |
5+ Bedrooms | $1.2M | $1.2M | -1.1% |
Summary: 20194 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.2%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 1.1%.
Housing Supply in 20194, VA
How many homes are available in 20194, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
41 | 48 | +17.1% |
Summary: The 20194 real estate market had 48 homes for sale in March 2024, a 17.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 17 | 19 | +11.8% |
3 Bedrooms | 10 | 16 | +60.0% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The 20194 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 60%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 14 | -22.2% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in 20194 in March 2024, down by 22.2% month-over-month. Of the 14 sold homes, 7% were sold under asking, 7% were sold at asking, and 86% were sold over asking.
Days on Market for 20194, VA
How long does it take to sell a home in 20194, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
10 Days | 4 Days | -62.5% |
Summary: Homes in 20194 had an average of 4 days on market in Mar 2024, down by 62.5% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 14 homes were sold in 20194; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.