The LoCo Real Estate Market Report

Leesburg, VA 20175

Single-Family Homes

www.LoCoMusings.com



Leesburg, VA 20175

Sun Dec 10 2023
This week the median list price for Leesburg, VA 20175 is $1,399,000 with the market action index hovering around 45. This is an increase over last month's market action index of 44. Inventory has decreased to 21. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Leesburg, VA 20175

Sun Dec 10 2023
This week the median list price for Leesburg, VA 20175 is $1,399,000 with the market action index hovering around 45. This is an increase over last month's market action index of 44. Inventory has decreased to 21. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Leesburg market.
Median List Price $1,399,000
Median Price of New Listings $0
Per Square Foot $338
Average Days on Market 113
Median Days on Market 98
Price Decreased 24%
Price Increased 5%
Relisted 10%
Inventory 21
Median Rent
Market Action 45
Strong Seller's Market

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, 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
$4,400,000 6,563 10 - 20 acres 5 6.5 10 0 0 182
$1,600,000 5,170 2.5 - 5 acres 4 4.5 0 0 2 98
$1,299,000 4,400 0.25 - 0.5 acre 4 4 1 0 0 105
$963,730 3,495 4,500 - 6,500 sqft 4 3.8 34 0 1 24