$10,000 Closing Credit*
$850,000
1,398 SqFt
3 Beds
•3 Full Baths
Lori A Hall, Listing Office: Long & Foster Real Estate, Inc.
Is 20171, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$768,833
$332/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$54,416(+7.6%)
Key Takeaway
Homes in 20171 have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in 20171 was $768,833 in November 2024, up 7.6% from last year, and the median price per square foot was $332.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $276K | $296K | +7.2% |
| 2 Bedrooms | $405.1K | $420K | +3.7% |
| 3 Bedrooms | $590K | $649.4K | +10.1% |
| 4 Bedrooms | $835K | $915K | +9.6% |
| 5+ Bedrooms | $992.5K | $1.1M | +12.4% |
Summary: 20171 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.2%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 12.4%.
Housing Supply in 20171, VA
How many homes are available in 20171, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 87 | 80 | -8.0% |
Summary: The 20171 real estate market had 80 homes for sale in November 2024, a 8.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 13 | 10 | -23.1% |
| 3 Bedrooms | 23 | 23 | 0.0% |
| 4 Bedrooms | 31 | 30 | -3.2% |
| 5+ Bedrooms | 15 | 13 | -13.3% |
Summary: The 20171 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 23.1%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes decreased by 13.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 32 | +3.2% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20171, you could pay more than the asking price. 46.9% of homes here sold above asking price last month.
Summary: A total of 32 homes were sold or pending in 20171 in November 2024, up by 3.2% month-over-month. Of the 32 sold homes, 31% were sold under asking, 22% were sold at asking, and 47% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 18 Days | +8.4% |
Summary: Homes in 20171 had an average of 18 days on market in Nov 2024, up by 8.4% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 20171 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 32 homes were sold in 20171; 84% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
