$10,000 Closing Credit*
$899,900
3,374 SqFt
4 Beds
•3 Full Baths, 1 Partial
Beata Watts, Listing Office: Pearson Smith Realty, LLC
Is 20175, 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, 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
$815,392
$283/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$27,142(+3.4%)
Key Takeaway
Homes in 20175 have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in 20175 was $815,392 in November 2024, up 3.4% from last year, and the median price per square foot was $283.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $279.9K | $307.5K | +9.8% |
| 2 Bedrooms | $343.5K | $326K | -5.1% |
| 3 Bedrooms | $550K | $592.5K | +7.7% |
| 4 Bedrooms | $905K | $919.5K | +1.6% |
| 5+ Bedrooms | $1.1M | $1.1M | +6.7% |
Summary: 20175 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.8%, 2 bedroom homes decreased by 5.1%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 6.7%.
Housing Supply in 20175, VA
How many homes are available in 20175, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 121 | 112 | -7.4% |
Summary: The 20175 real estate market had 112 homes for sale in November 2024, a 7.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 23 | 24 | +4.3% |
| 4 Bedrooms | 38 | 33 | -13.2% |
| 5+ Bedrooms | 47 | 42 | -10.6% |
Summary: The 20175 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 13.2%, and 5+ bedroom homes decreased by 10.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 34 | 43 | +26.5% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20175, you may be able to get a good deal. 37.2% of homes here sold below asking price last month.
Summary: A total of 43 homes were sold or pending in 20175 in November 2024, up by 26.5% month-over-month. Of the 43 sold homes, 37% were sold under asking, 30% were sold at asking, and 33% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 16 Days | -30.4% |
Summary: Homes in 20175 had an average of 16 days on market in Nov 2024, down by 30.4% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 20175 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 43 homes were sold in 20175; 81% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
