$6,947 Closing Credit*
$585,000
2,246 SqFt
4 Beds
•3 Full Baths, 1 Partial
Carolyn A Young, Listing Office: Samson Properties
Is 20164, 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, 20164 has remained a Seller's Market.
Key Takeaway
20164 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20164, VA
How much do homes in 20164, VA cost?
Median Sold Price
$595,698
$315/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$65,798(+12.4%)
Key Takeaway
Homes in 20164 have sold for 12.4% more than they did a year ago.
Summary: The median home sold price in 20164 was $595,698 in October 2024, up 12.4% from last year, and the median price per square foot was $315.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $202.7K | $261K | +28.7% |
| 2 Bedrooms | $355K | $401K | +13.0% |
| 3 Bedrooms | $497.5K | $565K | +13.6% |
| 4 Bedrooms | $610K | $650K | +6.6% |
| 5+ Bedrooms | $650.5K | $670.2K | +3.0% |
Summary: 20164 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.7%, 2 bedroom homes increased by 13%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 3%.
Housing Supply in 20164, VA
How many homes are available in 20164, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 97 | 94 | -3.1% |
Summary: The 20164 real estate market had 94 homes for sale in October 2024, a 3.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 3 | +100.0% |
| 2 Bedrooms | 18 | 17 | -5.6% |
| 3 Bedrooms | 34 | 34 | 0.0% |
| 4 Bedrooms | 29 | 27 | -6.9% |
| 5+ Bedrooms | 16 | 13 | -18.8% |
Summary: The 20164 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 decreased by 5.6%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes decreased by 18.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 37 | 0.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20164, expect to pay close to the asking price. 35.1% of homes here sold near the asking price last month.
Summary: A total of 37 homes were sold or pending in 20164 in October 2024, the same as the previous month. Of the 37 sold homes, 32% were sold under asking, 35% were sold at asking, and 32% were sold over asking.
Days on Market for 20164, VA
How long does it take to sell a home in 20164, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 7 Days | 15 Days | +98.5% |
Summary: Homes in 20164 had an average of 15 days on market in Oct 2024, up by 98.5% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20164 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 37 homes were sold in 20164; 84% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
