$6,234 Closing Credit*
$525,000
1,962 SqFt
4 Beds
•3 Full Baths, 1 Partial
Lisa E Clayborne, Listing Office: Long & Foster Real Estate, Inc.
Is 20121, 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, 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
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $265K | $260K | -1.9% |
| 2 Bedrooms | $340K | $410K | +20.6% |
| 3 Bedrooms | $520K | $550K | +5.8% |
| 4 Bedrooms | $760K | $625K | -17.8% |
| 5+ Bedrooms | $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%.
Housing Supply in 20121, VA
How many homes are available in 20121, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 63 | 84 | +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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 7 | +16.7% |
| 2 Bedrooms | 10 | 16 | +60.0% |
| 3 Bedrooms | 33 | 45 | +36.4% |
| 4 Bedrooms | 12 | 14 | +16.7% |
| 5+ Bedrooms | 2 | 2 | 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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 25 | +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
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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 9 Days | 13 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
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.
