$3,503 Closing Credit*
$295,000
704 SqFt
1 Bed
•1 Full Bath
Rachael M Kim, Listing Office: RE/MAX Gateway, LLC
Is 20148, 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, 20148 has remained a Seller's Market.
Key Takeaway
20148 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20148, VA
How much do homes in 20148, VA cost?
Median Sold Price
$817,523
$282/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$42,523(+5.5%)
Key Takeaway
Homes in 20148 have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in 20148 was $817,523 in October 2024, up 5.5% from last year, and the median price per square foot was $282.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $298.5K | $302K | +1.2% |
| 2 Bedrooms | $460K | $470K | +2.2% |
| 3 Bedrooms | $660K | $695.5K | +5.4% |
| 4 Bedrooms | $865K | $897.9K | +3.8% |
| 5+ Bedrooms | $1.0M | $1.2M | +14.2% |
Summary: 20148 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.2%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 14.2%.
Housing Supply in 20148, VA
How many homes are available in 20148, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 179 | 188 | +5.0% |
Summary: The 20148 real estate market had 188 homes for sale in October 2024, a 5.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 6 | +100.0% |
| 2 Bedrooms | 16 | 20 | +25.0% |
| 3 Bedrooms | 87 | 93 | +6.9% |
| 4 Bedrooms | 51 | 52 | +2.0% |
| 5+ Bedrooms | 22 | 17 | -22.7% |
Summary: The 20148 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 2%, and 5+ bedroom homes decreased by 22.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 50 | 67 | +34.0% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20148, you may be able to get a good deal. 46.3% of homes here sold below asking price last month.
Summary: A total of 67 homes were sold or pending in 20148 in October 2024, up by 34.0% month-over-month. Of the 67 sold homes, 46% were sold under asking, 33% were sold at asking, and 21% were sold over asking.
Days on Market for 20148, VA
How long does it take to sell a home in 20148, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 22 Days | +60.9% |
Summary: Homes in 20148 had an average of 22 days on market in Oct 2024, up by 60.9% compared to last year.
Breakdown of Home Sale Times
48 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20148 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 67 homes were sold in 20148; 72% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
