The Loco Real Estate Market Report

Leesburg, VA 20175

Single-Family Homes

Michael Elias www.LocoMusings.com



Leesburg, VA 20175

Fri Nov 22 2019
This week the median list price for Leesburg, VA 20175 is $739,990 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has held steady at or around 61. 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.

Slight Seller's Advantage

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

Fri Nov 22 2019
This week the median list price for Leesburg, VA 20175 is $739,990 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has held steady at or around 61. 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.

Slight Seller's Advantage

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 $739,990
Per Square Foot $194
Days on Market 133
Price Decreased 41%
Price Increased 13%
Relisted 11%
Inventory 61
Median Rent $2,100
Most Expensive $5,799,999
Least Expensive $339,900
Market Action 35
Slight Seller's Advantage

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
$1,950,000 8,131 2.5 - 5 acres 5 6 11 0 0 209
$798,898 5,121 2.5 - 5 acres 4 4 7 0 4 125
$689,990 3,610 1 - 2.5 acres 4 2 0 1 2 133
$549,995 2,891 0.25 - 0.5 acre 4 2 35 2 1 67