Altos Market Data for Realtors

Bluemont, VA

Single-Family Homes

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Bluemont, VA

Tue Sep 28 2021
This week the median list price for Bluemont, VA is $1,495,000 with the market action index hovering around 48. This is an increase over last month's market action index of 42. Inventory has decreased to 7. Click here to stay informed with the Bluemont market!

Market Action Index

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

Strong Seller's Market

Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.

Bluemont, VA

Tue Sep 28 2021
This week the median list price for Bluemont, VA is $1,495,000 with the market action index hovering around 48. This is an increase over last month's market action index of 42. Inventory has decreased to 7. Click here to stay informed with the Bluemont market!

Market Action Index

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

Strong Seller's Market

Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.

Real-Time Market Profile

Never miss important changes in the Bluemont market.
Median List Price $1,495,000
Median Price of New Listings $875,000
Per Square Foot $414
Average Days on Market 77
Median Days on Market 91
Price Decreased 43%
Price Increased 0%
Relisted 14%
Inventory 7
Median Rent
Market Action 48
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. 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
$3,495,000 6,240 N/A 4 4 16 0 1 112
$2,674,500 4,730 N/A 4 4 122 0 0 84
$946,500 3,510 5 - 10 acres 4 4 70 1 1 59
$247,450 1,062 0.5 - 1 acre 2 1 56 1 0 70