$10,000 Closing Credit*
$1,750,000
8,175 SqFt
5 Beds
•5 Full Baths, 1 Partial
Isabella Tourkaman, Listing Office: LuxHouse International Real Estate
Is 20175, 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, 20175 has remained a Seller's Market.
Key Takeaway
20175 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20175, VA
How much do homes in 20175, VA cost?
Median Sold Price
$824,666
$283/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$67,166(+8.9%)
Key Takeaway
Homes in 20175 have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in 20175 was $824,666 in October 2024, up 8.9% from last year, and the median price per square foot was $283.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $276K | $312.5K | +13.2% |
| 2 Bedrooms | $330K | $325.5K | -1.4% |
| 3 Bedrooms | $550K | $592.5K | +7.7% |
| 4 Bedrooms | $880K | $919.5K | +4.5% |
| 5+ Bedrooms | $1.1M | $1.1M | +6.9% |
Summary: 20175 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.2%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 6.9%.
Housing Supply in 20175, VA
How many homes are available in 20175, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 122 | 127 | +4.1% |
Summary: The 20175 real estate market had 127 homes for sale in October 2024, a 4.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 14 | 12 | -14.3% |
| 3 Bedrooms | 31 | 28 | -9.7% |
| 4 Bedrooms | 30 | 40 | +33.3% |
| 5+ Bedrooms | 44 | 44 | 0.0% |
Summary: The 20175 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 decreased by 14.3%, 3 bedroom homes decreased by 9.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 41 | 34 | -17.1% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20175, you may be able to get a good deal. 38.2% of homes here sold below asking price last month.
Summary: A total of 34 homes were sold or pending in 20175 in October 2024, down by 17.1% month-over-month. Of the 34 sold homes, 38% were sold under asking, 32% were sold at asking, and 29% were sold over asking.
Days on Market for 20175, VA
How long does it take to sell a home in 20175, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 23 Days | +60.7% |
Summary: Homes in 20175 had an average of 23 days on market in Oct 2024, up by 60.7% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20175 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 34 homes were sold in 20175; 79% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
