The LoCo Real Estate Market Report

Leesburg, VA 20176

Single-Family Homes

www.LoCoMusings.com



Leesburg, VA 20176

Thu Mar 28 2024
This week the median list price for Leesburg, VA 20176 is $1,140,000 with the market action index hovering around 60. This is less than last month's market action index of 63. Inventory has increased 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 20176

Thu Mar 28 2024
This week the median list price for Leesburg, VA 20176 is $1,140,000 with the market action index hovering around 60. This is less than last month's market action index of 63. Inventory has increased 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 $1,140,000
Median Price of New Listings $1,350,000
Per Square Foot $295
Average Days on Market 53
Median Days on Market 14
Price Decreased 19%
Price Increased 0%
Relisted 5%
Inventory 21
Median Rent
Market Action 60
Strong Seller's Market

Prices in this zip code are bouncing around near term trough. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.

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
$1,699,000 6,700 2.5 - 5 acres 6 6 18 0 1 42
$1,350,000 6,043 2.5 - 5 acres 5 4.5 19 2 1 14
$655,000 2,220 0.25 - 0.5 acre 4 2.5 24 1 0 14
$464,999 1,471 - 2 2 1 0 1 14