Is 20109, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 20109 has remained a Seller's Market.
Key Takeaway
20109 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20109, VA
How much do homes in 20109, VA cost?
Median Sold Price
$414,125
$255/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 20109 have sold for 10.4% more than they did a year ago.
Summary: The median home sold price in 20109 was $414,125 in May 2024, up 10.4% from last year, and the median price per square foot was $255.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | $212K | +11.6% |
| 2 Bedrooms | $290K | $315.5K | +8.8% |
| 3 Bedrooms | $370K | $405K | +9.5% |
| 4 Bedrooms | $450K | $525K | +16.7% |
| 5+ Bedrooms | $510K | $540K | +5.9% |
Summary: 20109 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.6%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 5.9%.
Housing Supply in 20109, VA
How many homes are available in 20109, VA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 82 | 90 | +9.8% |
Summary: The 20109 real estate market had 90 homes for sale in May 2024, a 9.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 19 | 18 | -5.3% |
| 3 Bedrooms | 37 | 41 | +10.8% |
| 4 Bedrooms | 18 | 24 | +33.3% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The 20109 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 33 | 29 | -12.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20109, you could pay more than the asking price. 62.1% of homes here sold above asking price last month.
Summary: A total of 29 homes were sold or pending in 20109 in May 2024, down by 12.1% month-over-month. Of the 29 sold homes, 17% were sold under asking, 21% were sold at asking, and 62% were sold over asking.
Days on Market for 20109, VA
How long does it take to sell a home in 20109, VA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 8 Days | 9 Days | +15.9% |
Summary: Homes in 20109 had an average of 9 days on market in May 2024, up by 15.9% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20109 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 29 homes were sold in 20109; 93% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
