The Loco Real Estate Market Report
Leesburg, VA 20176
Single-Family Homes
Michael Elias www.LocoMusings.com
Leesburg, VA 20176
Wed Nov 13 2019
This week the median list price for Leesburg, VA 20176 is $819,990 with the market action index hovering around 34. This is less than last month's market action index of 37. Inventory has held steady at or around 95.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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
| Median List Price | $819,990 | |
| Per Square Foot | $169 | |
| Days on Market | 117 | |
| Price Decreased | 46% | |
| Price Increased | 1% | |
| Relisted | 12% | |
| Inventory | 95 | |
| Median House Rent | $2,995 | |
| Most Expensive | $3,499,999 | |
| Least Expensive | $250,000 | |
| Market Action Index Slight Seller's Advantage | 34 |
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 |
|---|---|---|---|---|---|---|---|---|
| $1,495,000 | 7,774 | 1 - 2.5 acres | 5 | 5 | 17 | 1 | 1 | 170 |
| $949,000 | 5,859 | 1 - 2.5 acres | 5 | 4 | 16 | 4 | 3 | 101 |
| $749,950 | 4,728 | 0.5 - 1 acre | 5 | 4 | 8 | 0 | 0 | 105 |
| $535,000 | 2,889 | 0.25 - 0.5 acre | 4 | 2 | 24 | 2 | 2 | 91 |