$5,047 Closing Credit*
$425,000
1,238 SqFt
2 Beds
•2 Full Baths
BADER AL-OTAIBI, Listing Office: Apex Home Realty
Is 20120, 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, 20120 has remained a Seller's Market.
Key Takeaway
20120 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20120, VA
How much do homes in 20120, VA cost?
Median Sold Price
$630,000
$317/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$37,500(+6.3%)
Key Takeaway
Homes in 20120 have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in 20120 was $630,000 in October 2024, up 6.3% from last year, and the median price per square foot was $317.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | $300K | +17.6% |
| 2 Bedrooms | $372.5K | $386.7K | +3.8% |
| 3 Bedrooms | $487.5K | $575K | +17.9% |
| 4 Bedrooms | $775K | $795.1K | +2.6% |
| 5+ Bedrooms | $1.1M | $912.5K | -20.6% |
Summary: 20120 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.6%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes decreased by 20.6%.
Housing Supply in 20120, VA
How many homes are available in 20120, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 77 | 91 | +18.2% |
Summary: The 20120 real estate market had 91 homes for sale in October 2024, a 18.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 10 | +42.9% |
| 3 Bedrooms | 33 | 33 | 0.0% |
| 4 Bedrooms | 21 | 27 | +28.6% |
| 5+ Bedrooms | 15 | 20 | +33.3% |
Summary: The 20120 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 increased by 42.9%, 3 bedroom homes remained the same, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 24 | -20.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20120, you could pay more than the asking price. 54.2% of homes here sold above asking price last month.
Summary: A total of 24 homes were sold or pending in 20120 in October 2024, down by 20.0% month-over-month. Of the 24 sold homes, 21% were sold under asking, 25% were sold at asking, and 54% were sold over asking.
Days on Market for 20120, VA
How long does it take to sell a home in 20120, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 9 Days | -56.0% |
Summary: Homes in 20120 had an average of 9 days on market in Oct 2024, down by 56% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20120 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 24 homes were sold in 20120; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
