Is 20120, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 20120 is a 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

# BEDSOct 2023Oct 2024CHANGE
1 $255K$300K
+17.6%
2 $372.5K$386.7K
+3.8%
3 $487.5K$575K
+17.9%
4 $775K$795.1K
+2.6%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

20152
+13.3%
22033
+10.6%
20120
+6.3%
20121
+5.2%
20151
-4.3%

Housing Supply in 20120, VA

How many homes are available in 20120, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7791+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

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 710
+42.9%
3 3333
0.0%
4 2127
+28.6%
5+ 1520
+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 2024Oct 2024CHANGE
3024-20.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2023Oct 2024CHANGE
22 Days9 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

Breakdown of Home Sale Times

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.

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

Report Updated 4 Days Ago

Newest Listings in 20120, VA

Nearby Markets to 20120, VA