Is 20148, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 20148 is a 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

# BEDSOct 2023Oct 2024CHANGE
1 $298.5K$302K
+1.2%
2 $460K$470K
+2.2%
3 $660K$695.5K
+5.4%
4 $865K$897.9K
+3.8%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

20175
+8.9%
20166
+7.0%
20148
+5.5%
20147
-1.4%

Housing Supply in 20148, VA

How many homes are available in 20148, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
179188+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

# BEDSSep 2024Oct 2024CHANGE
1 36
+100.0%
2 1620
+25.0%
3 8793
+6.9%
4 5152
+2.0%
5+ 2217
-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 2024Oct 2024CHANGE
5067+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

Asking vs Sold - buyer

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 2023Oct 2024CHANGE
14 Days22 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 5 Days Ago

Newest Listings in 20148, VA

Nearby Markets to 20148, VA