$6,353 Closing Credit*
$535,000
2,500 SqFt
3 Beds
•2 Full Baths, 1 Partial
Gregory C Frank, Listing Office: Berkshire Hathaway HomeServices PenFed Realty
Is 20111, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 20111 has remained a Seller's Market.
Key Takeaway
20111 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20111, VA
How much do homes in 20111, VA cost?
Median Sold Price
$499,004
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$34,004(+7.3%)
Key Takeaway
Homes in 20111 have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in 20111 was $499,004 in November 2024, up 7.3% from last year, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $380K | N/A |
| 2 Bedrooms | $320K | $324.9K | +1.5% |
| 3 Bedrooms | $429.5K | $450K | +4.8% |
| 4 Bedrooms | $580K | $620K | +6.9% |
| 5+ Bedrooms | $669K | $700K | +4.6% |
Summary: 20111 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.5%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 4.6%.
Housing Supply in 20111, VA
How many homes are available in 20111, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 72 | 59 | -18.1% |
Summary: The 20111 real estate market had 59 homes for sale in November 2024, a 18.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 30 | 23 | -23.3% |
| 4 Bedrooms | 24 | 23 | -4.2% |
| 5+ Bedrooms | 12 | 9 | -25.0% |
Summary: The 20111 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 23.3%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 21 | -32.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20111, you could pay more than the asking price. 38.1% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in 20111 in November 2024, down by 32.3% month-over-month. Of the 21 sold homes, 29% were sold under asking, 33% were sold at asking, and 38% were sold over asking.
Days on Market for 20111, VA
How long does it take to sell a home in 20111, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 15 Days | +5.1% |
Summary: Homes in 20111 had an average of 15 days on market in Nov 2024, up by 5.1% compared to last year.
Breakdown of Home Sale Times
18 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 20111 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 21 homes were sold in 20111; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
