Is 20158, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 20158 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 20158 was a Seller's Market.

Key Takeaway

20158 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 20158, VA

How much do homes in 20158, VA cost?

Median Sold Price

$837,500

$281/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$60,000(+7.7%)

Key Takeaway

Homes in 20158 have sold for 7.7% more than they did a year ago.

Summary: The median home sold price in 20158 was $837,500 in November 2024, up 7.7% from last year, and the median price per square foot was $281.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$468K
N/A
2 $403K$423.5K
+5.1%
3 $560K$579K
+3.4%
4 $949K$810K
-14.6%
5+ $860K$1.2M
+44.8%

Summary: 20158 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 14.6%, and 5+ bedroom homes increased by 44.8%.

Median Sold Price Compared To Nearby Zip Codes

20132
+9.0%
20158
+7.7%
20175
+3.4%

Housing Supply in 20158, VA

How many homes are available in 20158, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1713-23.5%

Summary: The 20158 real estate market had 13 homes for sale in November 2024, a 23.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 21
-50.0%
4 96
-33.3%
5+ 55
0.0%

Summary: The 20158 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
52-60.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 20158, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in 20158 in November 2024, down by 60.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for 20158, VA

How long does it take to sell a home in 20158, VA?

Average Sale Time

Nov 2023Nov 2024CHANGE
18 Days21 Days+14.5%

Summary: Homes in 20158 had an average of 21 days on market in Nov 2024, up by 14.5% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 20158 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in 20158; 50% of homes were sold within 30 days, 50% 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 21 Days Ago

Newest Listings in 20158, VA

Nearby Markets to 20158, VA