$9,500 Closing Credit*
$799,995
3,926 SqFt
5 Beds
•4 Full Baths
Megan T Bailey, Listing Office: Coldwell Banker Realty
Is 20111, 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, 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
$491,625
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$24,958(+5.3%)
Key Takeaway
Homes in 20111 have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in 20111 was $491,625 in October 2024, up 5.3% from last year, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $380K | N/A |
| 2 Bedrooms | $315K | $324.9K | +3.2% |
| 3 Bedrooms | $434.5K | $450K | +3.6% |
| 4 Bedrooms | $550K | $624K | +13.5% |
| 5+ Bedrooms | $667K | $699.9K | +4.9% |
Summary: 20111 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes increased by 4.9%.
Housing Supply in 20111, VA
How many homes are available in 20111, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 78 | 78 | 0.0% |
Summary: The 20111 real estate market had 78 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 34 | 33 | -2.9% |
| 4 Bedrooms | 23 | 26 | +13.0% |
| 5+ Bedrooms | 14 | 13 | -7.1% |
Summary: The 20111 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 13%, and 5+ bedroom homes decreased by 7.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 29 | +7.4% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20111, you could pay more than the asking price. 37.9% of homes here sold above asking price last month.
Summary: A total of 29 homes were sold or pending in 20111 in October 2024, up by 7.4% month-over-month. Of the 29 sold homes, 34% were sold under asking, 28% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 21 Days | +55.1% |
Summary: Homes in 20111 had an average of 21 days on market in Oct 2024, up by 55.1% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 20111 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 29 homes were sold in 20111; 72% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
