$3,788 Closing Credit*
$319,000
954 SqFt
2 Beds
•2 Full Baths
Chris J Colgan, Listing Office: EXP Realty, LLC
Is 20109, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 20109 has remained a Seller's Market.
Key Takeaway
20109 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20109, VA
How much do homes in 20109, VA cost?
Median Sold Price
$423,333
$267/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$33,333(+8.5%)
Key Takeaway
Homes in 20109 have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in 20109 was $423,333 in October 2024, up 8.5% from last year, and the median price per square foot was $267.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $204.5K | $207.5K | +1.5% |
| 2 Bedrooms | $309K | $322.5K | +4.4% |
| 3 Bedrooms | $385K | $401.6K | +4.3% |
| 4 Bedrooms | $475K | $550K | +15.8% |
| 5+ Bedrooms | $540K | $560K | +3.7% |
Summary: 20109 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.5%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 3.7%.
Housing Supply in 20109, VA
How many homes are available in 20109, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 80 | 91 | +13.8% |
Summary: The 20109 real estate market had 91 homes for sale in October 2024, a 13.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 12 | 17 | +41.7% |
| 3 Bedrooms | 36 | 42 | +16.7% |
| 4 Bedrooms | 21 | 22 | +4.8% |
| 5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The 20109 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 41.7%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 35 | +66.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20109, you could pay more than the asking price. 37.1% of homes here sold above asking price last month.
Summary: A total of 35 homes were sold or pending in 20109 in October 2024, up by 66.7% month-over-month. Of the 35 sold homes, 31% were sold under asking, 31% were sold at asking, and 37% were sold over asking.
Days on Market for 20109, VA
How long does it take to sell a home in 20109, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 15 Days | -7.1% |
Summary: Homes in 20109 had an average of 15 days on market in Oct 2024, down by 7.1% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20109 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 35 homes were sold in 20109; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
