The LoCo Real Estate Market Report

Leesburg, VA 20175

Single-Family Homes

www.LoCoMusings.com



Leesburg, VA 20175

Sat Jul 31 2021
This week the median list price for Leesburg, VA 20175 is $899,000 with the market action index hovering around 52. This is less than last month's market action index of 61. Inventory has increased to 31. Click here to stay informed with the Leesburg market!

Market Action Index

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

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Leesburg, VA 20175

Sat Jul 31 2021
This week the median list price for Leesburg, VA 20175 is $899,000 with the market action index hovering around 52. This is less than last month's market action index of 61. Inventory has increased to 31. Click here to stay informed with the Leesburg market!

Market Action Index

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

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Leesburg market.
Median List Price $899,000
Median Price of New Listings $845,000
Per Square Foot $221
Average Days on Market 54
Median Days on Market 21
Price Decreased 32%
Price Increased 0%
Relisted 0%
Inventory 31
Median Rent $2,995
Market Action 52
Strong Seller's Market

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
$2,000,000 7,648 2.5 - 5 acres 5 5 21 0 0 35
$985,000 5,049 0.5 - 1 acre 5 4 14 3 1 35
$870,000 4,236 0.25 - 0.5 acre 4 3 15 3 0 21
$575,000 2,356 0.5 - 1 acre 3 2 46 5 1 0