$8,906 Closing Credit*
$750,000
2,589 SqFt
3 Beds
•3 Full Baths, 1 Partial
Vicki M Benson, Listing Office: Pearson Smith Realty, LLC
Is 20166, 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, 20166 has remained a Seller's Market.
Key Takeaway
20166 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20166, VA
How much do homes in 20166, VA cost?
Median Sold Price
$605,000
$281/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$39,500(+7.0%)
Key Takeaway
Homes in 20166 have sold for 7% more than they did a year ago.
Summary: The median home sold price in 20166 was $605,000 in October 2024, up 7% from last year, and the median price per square foot was $281.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $369K | $390K | +5.7% |
| 3 Bedrooms | $557.5K | $603.2K | +8.2% |
| 4 Bedrooms | $645K | $667.5K | +3.5% |
| 5+ Bedrooms | $935K | $867.5K | -7.2% |
Summary: 20166 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes decreased by 7.2%.
Housing Supply in 20166, VA
How many homes are available in 20166, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 46 | +9.5% |
Summary: The 20166 real estate market had 46 homes for sale in October 2024, a 9.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 31 | 37 | +19.4% |
| 4 Bedrooms | 9 | 7 | -22.2% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 20166 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 remained the same, 3 bedroom homes increased by 19.4%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 14 | -17.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20166, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in 20166 in October 2024, down by 17.6% month-over-month. Of the 14 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.
Days on Market for 20166, VA
How long does it take to sell a home in 20166, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 12 Days | 32 Days | +161.1% |
Summary: Homes in 20166 had an average of 32 days on market in Oct 2024, up by 161.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 20166 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 14 homes were sold in 20166; 50% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
