Is 20121, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 20121 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 20121 has remained a Seller's Market.

Key Takeaway

20121 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 20121, VA

How much do homes in 20121, VA cost?

Median Sold Price

$525,833

$318/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$25,866(+5.2%)

Key Takeaway

Homes in 20121 have sold for 5.2% more than they did a year ago.

Summary: The median home sold price in 20121 was $525,833 in October 2024, up 5.2% from last year, and the median price per square foot was $318.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $265K$260K
-1.9%
2 $340K$410K
+20.6%
3 $520K$550K
+5.8%
4 $760K$625K
-17.8%
5+ $874K$882.5K
+1.0%

Summary: 20121 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.9%, 2 bedroom homes increased by 20.6%, 3 bedroom homes increased by 5.8%, 4 bedroom homes decreased by 17.8%, and 5+ bedroom homes increased by 1%.

Median Sold Price Compared To Nearby Zip Codes

20109
+8.5%
20120
+6.3%
20111
+5.3%
20121
+5.2%
20124
+2.9%

Housing Supply in 20121, VA

How many homes are available in 20121, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6384+33.3%

Summary: The 20121 real estate market had 84 homes for sale in October 2024, a 33.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 67
+16.7%
2 1016
+60.0%
3 3345
+36.4%
4 1214
+16.7%
5+ 22
0.0%

Summary: The 20121 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 36.4%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1725+47.1%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 20121, you could pay more than the asking price. 48% of homes here sold above asking price last month.

Summary: A total of 25 homes were sold or pending in 20121 in October 2024, up by 47.1% month-over-month. Of the 25 sold homes, 20% were sold under asking, 32% were sold at asking, and 48% were sold over asking.

Days on Market for 20121, VA

How long does it take to sell a home in 20121, VA?

Average Sale Time

Oct 2023Oct 2024CHANGE
9 Days13 Days+35.8%

Summary: Homes in 20121 had an average of 13 days on market in Oct 2024, up by 35.8% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 20121 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 25 homes were sold in 20121; 92% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 4% 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 20121, VA

Nearby Markets to 20121, VA