$10,000 Closing Credit*
$875,000
2,550 SqFt
5 Beds
•3 Full Baths
Katherine L Scoggin, Listing Office: Coldwell Banker Realty
Is 20191, 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, 20191 has remained a Seller's Market.
Key Takeaway
20191 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20191, VA
How much do homes in 20191, VA cost?
Median Sold Price
$624,637
$338/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$92,970(+17.5%)
Key Takeaway
Homes in 20191 have sold for 17.5% more than they did a year ago.
Summary: The median home sold price in 20191 was $624,637 in October 2024, up 17.5% from last year, and the median price per square foot was $338.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $263.5K | $296.2K | +12.4% |
| 2 Bedrooms | $357.5K | $392.5K | +9.8% |
| 3 Bedrooms | $530K | $600K | +13.2% |
| 4 Bedrooms | $786.2K | $900K | +14.5% |
| 5+ Bedrooms | $904.2K | $985K | +8.9% |
Summary: 20191 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.4%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes increased by 8.9%.
Housing Supply in 20191, VA
How many homes are available in 20191, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 93 | 105 | +12.9% |
Summary: The 20191 real estate market had 105 homes for sale in October 2024, a 12.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 5 | -16.7% |
| 2 Bedrooms | 18 | 20 | +11.1% |
| 3 Bedrooms | 38 | 39 | +2.6% |
| 4 Bedrooms | 24 | 33 | +37.5% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The 20191 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 43 | +30.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20191, you could pay more than the asking price. 65.1% of homes here sold above asking price last month.
Summary: A total of 43 homes were sold or pending in 20191 in October 2024, up by 30.3% month-over-month. Of the 43 sold homes, 16% were sold under asking, 19% were sold at asking, and 65% were sold over asking.
Days on Market for 20191, VA
How long does it take to sell a home in 20191, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 14 Days | -3.0% |
Summary: Homes in 20191 had an average of 14 days on market in Oct 2024, down by 3% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20191 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 43 homes were sold in 20191; 79% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
