Is 20151, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 20151 is a 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

# BEDSOct 2023Oct 2024CHANGE
1 $270K$311K
+15.2%
2 $340K$359.5K
+5.7%
3 $580K$634K
+9.3%
4 $829.6K$860K
+3.7%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

20152
+13.3%
22033
+10.6%
20171
+7.3%
20120
+6.3%
20151
-4.3%

Housing Supply in 20151, VA

How many homes are available in 20151, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4941-16.3%

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

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 52
-60.0%
3 2415
-37.5%
4 1513
-13.3%
5+ 39
+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 2024Oct 2024CHANGE
2212-45.5%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2023Oct 2024CHANGE
15 Days16 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

Breakdown of Home Sale Times

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.

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

Report Updated 4 Days Ago

Newest Listings in 20151, VA

Nearby Markets to 20151, VA