Is 20141, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 20141 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 20141 was a Buyer's Market.

Key Takeaway

20141 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 20141, VA

How much do homes in 20141, VA cost?

Median Sold Price

$792,000

$252/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$22,000(+2.9%)

Key Takeaway

Homes in 20141 have sold for 2.9% more than they did a year ago.

Summary: The median home sold price in 20141 was $792,000 in October 2024, up 2.9% from last year, and the median price per square foot was $252.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $785K$260K
-66.9%
3 $610K$626.2K
+2.7%
4 $755K$800K
+6.0%
5+ $1.0M$825K
-19.6%

Summary: 20141 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 66.9%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 6%, and 5+ bedroom homes decreased by 19.6%.

Median Sold Price Compared To Nearby Zip Codes

20117
+33.3%
20132
+9.4%
20141
+2.9%

Housing Supply in 20141, VA

How many homes are available in 20141, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1921+10.5%

Summary: The 20141 real estate market had 21 homes for sale in October 2024, a 10.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 23
+50.0%
4 1013
+30.0%
5+ 75
-28.6%

Summary: The 20141 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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 30%, and 5+ bedroom homes decreased by 28.6%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
56+20.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 20141, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 20141 in October 2024, up by 20.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for 20141, VA

How long does it take to sell a home in 20141, VA?

Average Sale Time

Oct 2023Oct 2024CHANGE
27 Days11 Days-56.8%

Summary: Homes in 20141 had an average of 11 days on market in Oct 2024, down by 56.8% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 20141 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 6 homes were sold in 20141; 83% of homes were sold within 30 days, 17% 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 23 Days Ago

Newest Listings in 20141, VA

Nearby Markets to 20141, VA