Is 20176, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 20176 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 20176 has remained a Seller's Market.

Key Takeaway

20176 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 20176, VA

How much do homes in 20176, VA cost?

Median Sold Price

$750,000

$276/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$39,750(+5.6%)

Key Takeaway

Homes in 20176 have sold for 5.6% more than they did a year ago.

Summary: The median home sold price in 20176 was $750,000 in October 2024, up 5.6% from last year, and the median price per square foot was $276.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $259K$280K
+8.1%
2 $385K$407.1K
+5.7%
3 $617K$622.4K
+0.9%
4 $827.5K$872.5K
+5.4%
5+ $1.0M$1.2M
+11.6%

Summary: 20176 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.1%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 11.6%.

Median Sold Price Compared To Nearby Zip Codes

20176
+5.6%
20180
+4.2%

Housing Supply in 20176, VA

How many homes are available in 20176, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
147171+16.3%

Summary: The 20176 real estate market had 171 homes for sale in October 2024, a 16.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 02
+100.0%
2 3034
+13.3%
3 4353
+23.3%
4 4748
+2.1%
5+ 2734
+25.9%

Summary: The 20176 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 23.3%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 25.9%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3660+66.7%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

25 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 20176, you could pay more than the asking price. 41.7% of homes here sold above asking price last month.

Summary: A total of 60 homes were sold or pending in 20176 in October 2024, up by 66.7% month-over-month. Of the 60 sold homes, 30% were sold under asking, 28% were sold at asking, and 42% were sold over asking.

Days on Market for 20176, VA

How long does it take to sell a home in 20176, VA?

Average Sale Time

Oct 2023Oct 2024CHANGE
26 Days18 Days-31.5%

Summary: Homes in 20176 had an average of 18 days on market in Oct 2024, down by 31.5% compared to last year.

Breakdown of Home Sale Times

50 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 20176 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 60 homes were sold in 20176; 83% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 2% 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 20176, VA

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