$490,000
3.00 Acres
Land
Shannon Lynn Bray, Listing Office: Pearson Smith Realty, LLC
Is 20197, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 20197 was a Neutral Market.
Key Takeaway
20197 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20197, VA
How much do homes in 20197, VA cost?
Median Sold Price
$1,167,495
$297/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$415,005(-26.2%)
Key Takeaway
Homes in 20197 have sold for 26.2% less than they did a month ago.
Summary: The median home sold price in 20197 was $1,167,495 in October 2024, down 26.2% from last month, and the median price per square foot was $297.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $624.5K | N/A |
| 4 Bedrooms | $1.2M | $1.3M | +5.0% |
| 5+ Bedrooms | $1.5M | $1.4M | -8.8% |
Summary: 20197 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 5%, and 5+ bedroom homes decreased by 8.8%.
Housing Supply in 20197, VA
How many homes are available in 20197, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 16 | -5.9% |
Summary: The 20197 real estate market had 16 homes for sale in October 2024, a 5.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 1 | 2 | +100.0% |
| 4 Bedrooms | 8 | 6 | -25.0% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The 20197 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20197, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in 20197 in October 2024, up by 100.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 50% were sold at asking, and 33% were sold over asking.
Days on Market for 20197, VA
How long does it take to sell a home in 20197, VA?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 26 Days | -26.4% |
Summary: Homes in 20197 had an average of 26 days on market in Oct 2024, down by 26.4% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 20197 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in 20197; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
