The Loco Real Estate Market Report
Chantilly, VA 20151
Single-Family Homes
Michael Elias www.LocoMusings.com
Chantilly, VA 20151
Thu Nov 21 2019
This week the median list price for Chantilly, VA 20151 is $509,450 with the market action index hovering around 52. This is an increase over last month's market action index of 50. Inventory has held steady at or around 12.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.
Real-Time Market Profile
| Median List Price | $509,450 | |
| Per Square Foot | $189 | |
| Days on Market | 107 | |
| Price Decreased | 58% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 12 | |
| Median Rent | $1,748 | |
| Most Expensive | $1,399,000 | |
| Least Expensive | $49,900 | |
| Market Action | 52 | |
| Strong Seller's Market | ||
We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,347,000 | 7,231 | 0.25 - 0.5 acre | 5 | 6 | 12 | 1 | 0 | 126 |
| $639,900 | 2,519 | 8,000 - 10,000 sqft | 5 | 2 | 27 | 0 | 1 | 226 |
| $499,900 | 2,432 | 0.25 - 0.5 acre | 4 | 2 | 38 | 1 | 0 | 16 |
| $55,000 | 1,800 | 0 - 4,500 sqft | 3 | 2 | 19 | 0 | 0 | 58 |