$5,344 Closing Credit*
$450,000
1,080 SqFt
3 Beds
•1 Full Bath, 1 Partial
Bishal Karki, Listing Office: Ikon Realty
Is 20171, 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, 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
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275.5K | $295.5K | +7.3% |
| 2 Bedrooms | $405K | $423K | +4.4% |
| 3 Bedrooms | $590K | $634K | +7.5% |
| 4 Bedrooms | $837K | $909K | +8.6% |
| 5+ Bedrooms | $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%.
Housing Supply in 20171, VA
How many homes are available in 20171, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 95 | 99 | +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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 16 | 14 | -12.5% |
| 3 Bedrooms | 29 | 28 | -3.4% |
| 4 Bedrooms | 34 | 35 | +2.9% |
| 5+ Bedrooms | 13 | 17 | +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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 29 | -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
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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 11 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
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.
