$10,000 Closing Credit*
$869,000
2,870 SqFt
4 Beds
•2 Full Baths, 1 Partial
Michael Brian Blake, Listing Office: LPT Realty, LLC
Is 20147, 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, 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
$664,238
$302/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$9,548(-1.4%)
Key Takeaway
Homes in 20147 have sold for 1.4% less than they did a year ago.
Summary: The median home sold price in 20147 was $664,238 in October 2024, down 1.4% from last year, and the median price per square foot was $302.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $290K | $305K | +5.2% |
| 2 Bedrooms | $433.4K | $460.5K | +6.2% |
| 3 Bedrooms | $625K | $649.2K | +3.9% |
| 4 Bedrooms | $850K | $884.9K | +4.1% |
| 5+ Bedrooms | $970K | $1.1M | +14.8% |
Summary: 20147 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.2%, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 14.8%.
Housing Supply in 20147, VA
How many homes are available in 20147, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 156 | 175 | +12.2% |
Summary: The 20147 real estate market had 175 homes for sale in October 2024, a 12.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 2 | -60.0% |
| 2 Bedrooms | 32 | 36 | +12.5% |
| 3 Bedrooms | 69 | 78 | +13.0% |
| 4 Bedrooms | 34 | 41 | +20.6% |
| 5+ Bedrooms | 16 | 18 | +12.5% |
Summary: The 20147 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 60%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 20.6%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 53 | 74 | +39.6% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20147, you could pay more than the asking price. 37.8% of homes here sold above asking price last month.
Summary: A total of 74 homes were sold or pending in 20147 in October 2024, up by 39.6% month-over-month. Of the 74 sold homes, 31% were sold under asking, 31% were sold at asking, and 38% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 15 Days | +34.3% |
Summary: Homes in 20147 had an average of 15 days on market in Oct 2024, up by 34.3% compared to last year.
Breakdown of Home Sale Times
60 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20147 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 74 homes were sold in 20147; 81% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
