Is 20191, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 20191 is a 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

# BEDSOct 2023Oct 2024CHANGE
1 $263.5K$296.2K
+12.4%
2 $357.5K$392.5K
+9.8%
3 $530K$600K
+13.2%
4 $786.2K$900K
+14.5%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

20191
+17.5%
22181
+14.4%
22124
+12.0%
20170
+8.0%
20190
+3.0%

Housing Supply in 20191, VA

How many homes are available in 20191, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
93105+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

# BEDSSep 2024Oct 2024CHANGE
1 65
-16.7%
2 1820
+11.1%
3 3839
+2.6%
4 2433
+37.5%
5+ 78
+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 2024Oct 2024CHANGE
3343+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

Asking vs Sold - buyer

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 2023Oct 2024CHANGE
14 Days14 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

Breakdown of Home Sale Times

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.

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 20191, VA

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