The Poore Team

Glen Allen, VA

Single-Family Homes

Compass


Glen Allen, VA

Mon Apr 29 2024
This week the median list price for Glen Allen, VA is $746,445 with the market action index hovering around 60. This is less than last month's market action index of 67. Inventory has increased to 40. Click here to stay informed with the Glen Allen market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Glen Allen, VA

Mon Apr 29 2024
This week the median list price for Glen Allen, VA is $746,445 with the market action index hovering around 60. This is less than last month's market action index of 67. Inventory has increased to 40. Click here to stay informed with the Glen Allen market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Glen Allen market.
Median List Price $746,445
Median Price of New Listings $693,495
Per Square Foot $231
Average Days on Market 54
Median Days on Market 14
Price Decreased 30%
Price Increased 5%
Relisted 5%
Inventory 40
Median Rent
Market Action 60
Strong Seller's Market

Prices are climbing and we’re nearing the market’s all time high. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$983,750 4,027 0.5 - 1 acre 5 4 6 3 2 7
$799,970 3,414 0.25 - 0.5 acre 4 3.5 3 0 0 49
$667,945 2,668 0.25 - 0.5 acre 3 2.5 0 2 1 28
$457,500 2,095 8,000 - 10,000 sqft 4 2.5 30 3 5 28