Is 20190, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 20190 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 20190 has remained a Seller's Market.

Key Takeaway

20190 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 20190, VA

How much do homes in 20190, VA cost?

Median Sold Price

$515,000

$391/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$15,000(+3.0%)

Key Takeaway

Homes in 20190 have sold for 3% more than they did a year ago.

Summary: The median home sold price in 20190 was $515,000 in October 2024, up 3% from last year, and the median price per square foot was $391.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $310K$330K
+6.5%
2 $375K$436.5K
+16.4%
3 $645K$671.2K
+4.1%
4 $747.5K$725K
-3.0%
5+ $790K$770K
-2.5%

Summary: 20190 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.5%, 2 bedroom homes increased by 16.4%, 3 bedroom homes increased by 4.1%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 2.5%.

Median Sold Price Compared To Nearby Zip Codes

20191
+17.5%
22182
+8.1%
20170
+8.0%
20190
+3.0%
20194
-7.3%

Housing Supply in 20190, VA

How many homes are available in 20190, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8891+3.4%

Summary: The 20190 real estate market had 91 homes for sale in October 2024, a 3.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1714
-17.6%
2 3444
+29.4%
3 2118
-14.3%
4 1313
0.0%
5+ 32
-33.3%

Summary: The 20190 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 17.6%, 2 bedroom homes increased by 29.4%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2834+21.4%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 20190, you could pay more than the asking price. 52.9% of homes here sold above asking price last month.

Summary: A total of 34 homes were sold or pending in 20190 in October 2024, up by 21.4% month-over-month. Of the 34 sold homes, 26% were sold under asking, 21% were sold at asking, and 53% were sold over asking.

Days on Market for 20190, VA

How long does it take to sell a home in 20190, VA?

Average Sale Time

Oct 2023Oct 2024CHANGE
8 Days13 Days+54.2%

Summary: Homes in 20190 had an average of 13 days on market in Oct 2024, up by 54.2% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 20190 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 34 homes were sold in 20190; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% 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 20 Days Ago

Newest Listings in 20190, VA

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