The Loco Real Estate Market Report

Leesburg, VA 20176

Single-Family Homes

Michael Elias www.LocoMusings.com



Leesburg, VA 20176

Mon Jun 17 2019
This week the median list price for Leesburg, VA 20176 is $799,950 with the market action index hovering around 34. This is less than last month's market action index of 35. Inventory has held steady at or around 106. Click here to stay informed with the Leesburg market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

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.

Leesburg, VA 20176

Mon Jun 17 2019
This week the median list price for Leesburg, VA 20176 is $799,950 with the market action index hovering around 34. This is less than last month's market action index of 35. Inventory has held steady at or around 106. Click here to stay informed with the Leesburg market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

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

Never miss important changes in the Leesburg market.
Median List Price $799,950
Per Square Foot $161
Days on Market 95
Price Decreased 47%
Price Increased 3%
Relisted 8%
Inventory 106
Median House Rent $2,250
Most Expensive $3,499,999
Least Expensive $310,000
Market Action Index
Slight Seller's Advantage
34

We continue to see prices in this zip code bounce around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate 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
$1,447,499 7,480 0.5 - 1 acre 5 5 16 3 0 117
$874,700 5,727 1 - 2.5 acres 5 4 16 1 2 127
$699,900 4,482 0.25 - 0.5 acre 5 4 15 3 4 75
$569,900 3,538 0.25 - 0.5 acre 4 3 18 5 3 61