The Loco Real Estate Market Report
Leesburg, VA 20176
Single-Family Homes
www.LocoMusings.com
Leesburg, VA 20176
Wed Jan 22 2020
This week the median list price for Leesburg, VA 20176 is $925,000 with the market action index hovering around 38. This is an increase over last month's market action index of 35. Inventory has held steady at or around 51.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
Real-Time Market Profile
| Median List Price | $925,000 | |
| Per Square Foot | $169 | |
| Days on Market | 150 | |
| Price Decreased | 37% | |
| Price Increased | 0% | |
| Relisted | 10% | |
| Inventory | 51 | |
| Median Rent | $2,450 | |
| Most Expensive | $3,499,999 | |
| Least Expensive | $475,000 | |
| Market Action | 38 | |
| Slight Seller's Advantage | ||
You can see that prices in this zip code are marching upward and that we’re getting close to the market’s all time high. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,699,950 | 7,356 | 1 - 2.5 acres | 5 | 5 | 17 | 1 | 0 | 249 |
| $1,050,000 | 7,573 | 1 - 2.5 acres | 6 | 5 | 18 | 1 | 1 | 110 |
| $819,990 | 4,951 | 0.5 - 1 acre | 5 | 4 | 13 | 2 | 1 | 163 |
| $649,000 | 3,606 | 1 - 2.5 acres | 4 | 3 | 18 | 4 | 5 | 82 |