$1,700,000
2.64 Acres
Land
James M Cheatle, Listing Office: CENTURY 21 New Millennium
Is 20151, 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, 20151 has remained a Seller's Market.
Key Takeaway
20151 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20151, VA
How much do homes in 20151, VA cost?
Median Sold Price
$703,000
$322/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$31,250(-4.3%)
Key Takeaway
Homes in 20151 have sold for 4.3% less than they did a year ago.
Summary: The median home sold price in 20151 was $703,000 in October 2024, down 4.3% from last year, and the median price per square foot was $322.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $270K | $311K | +15.2% |
| 2 Bedrooms | $340K | $359.5K | +5.7% |
| 3 Bedrooms | $580K | $634K | +9.3% |
| 4 Bedrooms | $829.6K | $860K | +3.7% |
| 5+ Bedrooms | $912.5K | $932.5K | +2.2% |
Summary: 20151 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.2%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 2.2%.
Housing Supply in 20151, VA
How many homes are available in 20151, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 49 | 41 | -16.3% |
Summary: The 20151 real estate market had 41 homes for sale in October 2024, a 16.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 5 | 2 | -60.0% |
| 3 Bedrooms | 24 | 15 | -37.5% |
| 4 Bedrooms | 15 | 13 | -13.3% |
| 5+ Bedrooms | 3 | 9 | +200.0% |
Summary: The 20151 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 decreased by 60%, 3 bedroom homes decreased by 37.5%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 12 | -45.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20151, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 20151 in October 2024, down by 45.5% month-over-month. Of the 12 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for 20151, VA
How long does it take to sell a home in 20151, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 16 Days | +10.5% |
Summary: Homes in 20151 had an average of 16 days on market in Oct 2024, up by 10.5% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20151 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 12 homes were sold in 20151; 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.
