Is 20117, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 20117 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 20117 was a Buyer's Market.

Key Takeaway

20117 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 20117, VA

How much do homes in 20117, VA cost?

Median Sold Price

$1,500,000

$386/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$375,000(+33.3%)

Key Takeaway

Homes in 20117 have sold for 33.3% more than they did a year ago.

Summary: The median home sold price in 20117 was $1,500,000 in October 2024, up 33.3% from last year, and the median price per square foot was $386.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $1.5M-
N/A
2 $612.5K$550K
-10.2%
3 $600K$990K
+65.0%
4 $925K$1.7M
+86.5%
5+ $2.1M$1.8M
-10.7%

Summary: 20117 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 decreased by 10.2%, 3 bedroom homes increased by 65%, 4 bedroom homes increased by 86.5%, and 5+ bedroom homes decreased by 10.7%.

Median Sold Price Compared To Nearby Zip Codes

20117
+33.3%
20105
+9.2%
20175
+8.9%
20141
+2.9%

Housing Supply in 20117, VA

How many homes are available in 20117, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4042+5.0%

Summary: The 20117 real estate market had 42 homes for sale in October 2024, a 5.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 108
-20.0%
4 1924
+26.3%
5+ 88
0.0%

Summary: The 20117 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 33.3%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 26.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
770.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 20117, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in 20117 in October 2024, the same as the previous month. Of the 7 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.

Days on Market for 20117, VA

How long does it take to sell a home in 20117, VA?

Average Sale Time

Oct 2023Oct 2024CHANGE
9 Days123 Days+1269.8%

Summary: Homes in 20117 had an average of 123 days on market in Oct 2024, up by 1269.8% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 20117 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 7 homes were sold in 20117; 71% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 5 Days Ago

Newest Listings in 20117, VA

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