Is 20171, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 20171 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 20171 has remained a Seller's Market.

Key Takeaway

20171 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 20171, VA

How much do homes in 20171, VA cost?

Median Sold Price

$767,500

$332/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$52,008(+7.3%)

Key Takeaway

Homes in 20171 have sold for 7.3% more than they did a year ago.

Summary: The median home sold price in 20171 was $767,500 in October 2024, up 7.3% from last year, and the median price per square foot was $332.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $275.5K$295.5K
+7.3%
2 $405K$423K
+4.4%
3 $590K$634K
+7.5%
4 $837K$909K
+8.6%
5+ $980K$1.1M
+13.9%

Summary: 20171 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.3%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 13.9%.

Median Sold Price Compared To Nearby Zip Codes

20191
+17.5%
22124
+12.0%
22033
+10.6%
20171
+7.3%
20151
-4.3%

Housing Supply in 20171, VA

How many homes are available in 20171, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
9599+4.2%

Summary: The 20171 real estate market had 99 homes for sale in October 2024, a 4.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 35
+66.7%
2 1614
-12.5%
3 2928
-3.4%
4 3435
+2.9%
5+ 1317
+30.8%

Summary: The 20171 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 30.8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3729-21.6%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 20171, you could pay more than the asking price. 41.4% of homes here sold above asking price last month.

Summary: A total of 29 homes were sold or pending in 20171 in October 2024, down by 21.6% month-over-month. Of the 29 sold homes, 31% were sold under asking, 28% were sold at asking, and 41% were sold over asking.

Days on Market for 20171, VA

How long does it take to sell a home in 20171, VA?

Average Sale Time

Oct 2023Oct 2024CHANGE
16 Days11 Days-30.4%

Summary: Homes in 20171 had an average of 11 days on market in Oct 2024, down by 30.4% compared to last year.

Breakdown of Home Sale Times

27 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 20171 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 29 homes were sold in 20171; 93% of homes were sold within 30 days, 7% 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 4 Days Ago

Newest Listings in 20171, VA

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