$7,480 Closing Credit*
$629,900
1,592 SqFt
3 Beds
•2 Full Baths, 1 Partial
Leslie Viafara, Listing Office: Pearson Smith Realty, LLC
Is 20165, 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, 20165 has remained a Seller's Market.
Key Takeaway
20165 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20165, VA
How much do homes in 20165, VA cost?
Median Sold Price
$671,666
$284/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$41,666(+6.6%)
Key Takeaway
Homes in 20165 have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in 20165 was $671,666 in October 2024, up 6.6% from last year, and the median price per square foot was $284.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $267K | $302.5K | +13.3% |
| 2 Bedrooms | $372.5K | $387K | +3.9% |
| 3 Bedrooms | $589.5K | $627K | +6.4% |
| 4 Bedrooms | $765K | $830.7K | +8.6% |
| 5+ Bedrooms | $920K | $1.0M | +10.7% |
Summary: 20165 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.3%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 10.7%.
Housing Supply in 20165, VA
How many homes are available in 20165, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 69 | 70 | +1.4% |
Summary: The 20165 real estate market had 70 homes for sale in October 2024, a 1.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 29 | 23 | -20.7% |
| 4 Bedrooms | 26 | 28 | +7.7% |
| 5+ Bedrooms | 4 | 8 | +100.0% |
Summary: The 20165 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20.7%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 26 | +4.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20165, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 26 homes were sold or pending in 20165 in October 2024, up by 4.0% month-over-month. Of the 26 sold homes, 35% were sold under asking, 15% were sold at asking, and 50% were sold over asking.
Days on Market for 20165, VA
How long does it take to sell a home in 20165, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 16 Days | -0.5% |
Summary: Homes in 20165 had an average of 16 days on market in Oct 2024, down by 0.5% compared to last year.
Breakdown of Home Sale Times
20 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 20165 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 26 homes were sold in 20165; 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.
