$8,016 Closing Credit*
$675,000
2,434 SqFt
3 Beds
•2 Full Baths, 2 Partial
Patricia Gallardo, Listing Office: Real Broker, LLC
Is 20147, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 20147 has remained a Seller's Market.
Key Takeaway
20147 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20147, VA
How much do homes in 20147, VA cost?
Median Sold Price
$667,374
$303/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$7,625(-1.1%)
Key Takeaway
Homes in 20147 have sold for 1.1% less than they did a year ago.
Summary: The median home sold price in 20147 was $667,374 in November 2024, down 1.1% from last year, and the median price per square foot was $303.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $289.7K | $307.5K | +6.1% |
| 2 Bedrooms | $435K | $460K | +5.7% |
| 3 Bedrooms | $625K | $650K | +4.0% |
| 4 Bedrooms | $845K | $888.6K | +5.2% |
| 5+ Bedrooms | $972.5K | $1.1M | +15.3% |
Summary: 20147 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.1%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 15.3%.
Housing Supply in 20147, VA
How many homes are available in 20147, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 154 | 121 | -21.4% |
Summary: The 20147 real estate market had 121 homes for sale in November 2024, a 21.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 34 | 25 | -26.5% |
| 3 Bedrooms | 63 | 51 | -19.0% |
| 4 Bedrooms | 40 | 29 | -27.5% |
| 5+ Bedrooms | 15 | 14 | -6.7% |
Summary: The 20147 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 26.5%, 3 bedroom homes decreased by 19%, 4 bedroom homes decreased by 27.5%, and 5+ bedroom homes decreased by 6.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 82 | 43 | -47.6% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20147, you could pay more than the asking price. 48.8% of homes here sold above asking price last month.
Summary: A total of 43 homes were sold or pending in 20147 in November 2024, down by 47.6% month-over-month. Of the 43 sold homes, 37% were sold under asking, 14% were sold at asking, and 49% were sold over asking.
Days on Market for 20147, VA
How long does it take to sell a home in 20147, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 15 Days | 17 Days | +14.4% |
Summary: Homes in 20147 had an average of 17 days on market in Nov 2024, up by 14.4% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 20147 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 43 homes were sold in 20147; 84% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
