Blake and Ali Poore Team

Glen Allen, VA

Single-Family Homes

Compass



Glen Allen, VA

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. 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Glen Allen, VA

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. 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Glen Allen 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
Price Decreased 16%
Price Increased 14%
Relisted 3%
Inventory 37
Median Rent
Market Action 91
Strong Seller's Market

Again this week we see a downward notch for prices. Prices continue to pull back from the market’s highs. The Market Action Index is a good leading indicator for the durability of this trend.

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
$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