Tue Jul 05 2022
This week the median list price for Glen Allen, VA is $525,000 with the market action index hovering around 91. This is an increase over last month's market action index of 89. Inventory has held steady at or around 37.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$525,000|
|Median Price of New Listings||$465,000|
|Per Square Foot||$203|
|Average Days on Market||39|
|Median Days on Market||7|
|Strong Seller's Market|
Despite recently falling prices, the price per square foot has stayed reasonably flat. This implies that there’s a portion of the market being priced at a premium. You can investigate this condition in the quartile details.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$749,990||3,218||0.25 - 0.5 acre||4||3||1||2||3||105|
|$586,311||3,254||0.25 - 0.5 acre||4||3||9||4||4||7|
|$455,000||2,150||0.25 - 0.5 acre||4||2.5||24||6||7||0|
|$342,475||1,612||0.25 - 0.5 acre||3||2||34||6||6||0|