The Loco Real Estate Market Report
Chantilly, VA 20151
Single-Family Homes
www.LocoMusings.com
Chantilly, VA 20151
Mon Apr 06 2020
This week the median list price for Chantilly, VA 20151 is $599,950 with the market action index hovering around 59. This is less than last month's market action index of 64. Inventory has held steady at or around 16.
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 a Seller’s market, 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
| Median List Price | $599,950 | |
| Per Square Foot | $227 | |
| Days on Market | 68 | |
| Price Decreased | 13% | |
| Price Increased | 6% | |
| Relisted | 0% | |
| Inventory | 16 | |
| Median Rent | ||
| Most Expensive | $1,249,000 | |
| Least Expensive | $59,900 | |
| Market Action | 59 | |
| Strong Seller's Market | ||
The market for this zip code continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index to predict how long this trend will last.
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 |
|---|---|---|---|---|---|---|---|---|
| $927,500 | 4,863 | 0.25 - 0.5 acre | 5 | 4 | 21 | 2 | 0 | 182 |
| $729,450 | 3,250 | 0.25 - 0.5 acre | 4 | 2 | 39 | 2 | 1 | 19 |
| $547,500 | 1,602 | 8,000 - 10,000 sqft | 3 | 2 | 34 | 3 | 0 | 19 |
| $102,500 | 1,815 | 0 - 4,500 sqft | 3 | 2 | 24 | 1 | 0 | 52 |