$6,353 Closing Credit*
$535,000
1,250 SqFt
2 Beds
•2 Full Baths, 1 Partial
Jennifer Toothman, Listing Office: Long & Foster Real Estate, Inc.
Is 20194, 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, 20194 has remained a Seller's Market.
Key Takeaway
20194 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20194, VA
How much do homes in 20194, VA cost?
Median Sold Price
$648,636
$370/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$51,364(-7.3%)
Key Takeaway
Homes in 20194 have sold for 7.3% less than they did a year ago.
Summary: The median home sold price in 20194 was $648,636 in October 2024, down 7.3% from last year, and the median price per square foot was $370.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $302K | $278K | -7.9% |
| 2 Bedrooms | $450K | $470K | +4.4% |
| 3 Bedrooms | $700K | $715K | +2.1% |
| 4 Bedrooms | $1.0M | $956K | -4.9% |
| 5+ Bedrooms | $1.3M | $1.3M | +1.9% |
Summary: 20194 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.9%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes increased by 1.9%.
Housing Supply in 20194, VA
How many homes are available in 20194, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 40 | +60.0% |
Summary: The 20194 real estate market had 40 homes for sale in October 2024, a 60.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 5 | 12 | +140.0% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 4 | 7 | +75.0% |
| 5+ Bedrooms | 5 | 11 | +120.0% |
Summary: The 20194 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 140%, 3 bedroom homes remained the same, 4 bedroom homes increased by 75%, and 5+ bedroom homes increased by 120%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 14 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20194, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in 20194 in October 2024, up by 100.0% month-over-month. Of the 14 sold homes, 14% were sold under asking, 29% were sold at asking, and 57% were sold over asking.
Days on Market for 20194, VA
How long does it take to sell a home in 20194, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 7 Days | -72.5% |
Summary: Homes in 20194 had an average of 7 days on market in Oct 2024, down by 72.5% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20194 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 14 homes were sold in 20194; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
