$7,588 Closing Credit*
$639,000
1,468 SqFt
3 Beds
•2 Full Baths
Jon P Blankenship, Listing Office: Pearson Smith Realty, LLC
Is 20164, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$598,020
$316/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$62,036(+11.6%)
Key Takeaway
Homes in 20164 have sold for 11.6% more than they did a year ago.
Summary: The median home sold price in 20164 was $598,020 in November 2024, up 11.6% from last year, and the median price per square foot was $316.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $198K | $291K | +47.0% |
| 2 Bedrooms | $355K | $404K | +13.8% |
| 3 Bedrooms | $500.5K | $559.2K | +11.7% |
| 4 Bedrooms | $607.5K | $650K | +7.0% |
| 5+ Bedrooms | $665K | $666.4K | 0.2% |
Summary: 20164 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47%, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 0.2%.
Housing Supply in 20164, VA
How many homes are available in 20164, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 86 | 77 | -10.5% |
Summary: The 20164 real estate market had 77 homes for sale in November 2024, a 10.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 16 | 11 | -31.3% |
| 3 Bedrooms | 29 | 28 | -3.4% |
| 4 Bedrooms | 27 | 22 | -18.5% |
| 5+ Bedrooms | 12 | 14 | +16.7% |
Summary: The 20164 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 decreased by 31.3%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes decreased by 18.5%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 30 | -21.1% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20164, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 30 homes were sold or pending in 20164 in November 2024, down by 21.1% month-over-month. Of the 30 sold homes, 30% were sold under asking, 10% were sold at asking, and 60% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 13 Days | 18 Days | +39.3% |
Summary: Homes in 20164 had an average of 18 days on market in Nov 2024, up by 39.3% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
7 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 November 2024, 30 homes were sold in 20164; 77% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
