Is 20170, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 20170 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 20170 has remained a Seller's Market.

Key Takeaway

20170 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 20170, VA

How much do homes in 20170, VA cost?

Median Sold Price

$675,000

$316/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$50,000(+8.0%)

Key Takeaway

Homes in 20170 have sold for 8% more than they did a year ago.

Summary: The median home sold price in 20170 was $675,000 in October 2024, up 8% from last year, and the median price per square foot was $316.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $260K$288K
+10.8%
2 $330K$341K
+3.3%
3 $529K$580K
+9.6%
4 $730K$767.5K
+5.1%
5+ $825K$865K
+4.8%

Summary: 20170 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.8%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 4.8%.

Median Sold Price Compared To Nearby Zip Codes

20191
+17.5%
20164
+12.4%
20170
+8.0%
20190
+3.0%
20194
-7.3%

Housing Supply in 20170, VA

How many homes are available in 20170, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
76760.0%

Summary: The 20170 real estate market had 76 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 32
-33.3%
2 912
+33.3%
3 2419
-20.8%
4 2729
+7.4%
5+ 1314
+7.7%

Summary: The 20170 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 20.8%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 7.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2833+17.9%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 20170, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.

Summary: A total of 33 homes were sold or pending in 20170 in October 2024, up by 17.9% month-over-month. Of the 33 sold homes, 27% were sold under asking, 27% were sold at asking, and 45% were sold over asking.

Days on Market for 20170, VA

How long does it take to sell a home in 20170, VA?

Average Sale Time

Oct 2023Oct 2024CHANGE
10 Days12 Days+17.7%

Summary: Homes in 20170 had an average of 12 days on market in Oct 2024, up by 17.7% compared to last year.

Breakdown of Home Sale Times

29 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 20170 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 33 homes were sold in 20170; 88% of homes were sold within 30 days, 12% 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 20 Days Ago

Newest Listings in 20170, VA

Nearby Markets to 20170, VA