$8,609 Closing Credit*
$724,990
1,929 SqFt
4 Beds
•3 Full Baths, 1 Partial
Vicki M Benson, Listing Office: Pearson Smith Realty, LLC
Is 20176, 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, 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
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $259K | $280K | +8.1% |
| 2 Bedrooms | $385K | $407.1K | +5.7% |
| 3 Bedrooms | $617K | $622.4K | +0.9% |
| 4 Bedrooms | $827.5K | $872.5K | +5.4% |
| 5+ Bedrooms | $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 | $710.2K | $750K | +5.6% |
| 20180 | $715K | $745K | +4.2% |
Housing Supply in 20176, VA
How many homes are available in 20176, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 147 | 171 | +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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 30 | 34 | +13.3% |
| 3 Bedrooms | 43 | 53 | +23.3% |
| 4 Bedrooms | 47 | 48 | +2.1% |
| 5+ Bedrooms | 27 | 34 | +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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 36 | 60 | +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
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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 18 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
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.
