The Loco Real Estate Market Report

Leesburg, VA 20176

Single-Family Homes

Michael Elias www.LocoMusings.com



Leesburg, VA 20176

Fri Aug 23 2019
This week the median list price for Leesburg, VA 20176 is $759,495 with the market action index hovering around 37. This is an increase over last month's market action index of 36. Inventory has held steady at or around 90. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Leesburg, VA 20176

Fri Aug 23 2019
This week the median list price for Leesburg, VA 20176 is $759,495 with the market action index hovering around 37. This is an increase over last month's market action index of 36. Inventory has held steady at or around 90. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Leesburg market.
Median List Price $759,495
Per Square Foot $181
Days on Market 101
Price Decreased 40%
Price Increased 1%
Relisted 8%
Inventory 90
Median House Rent $2,288
Most Expensive $3,499,999
Least Expensive $310,000
Market Action Index
Slight Seller's Advantage
37

Prices in this zip code seem to have settled around a 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
$1,599,500 7,735 1 - 2.5 acres 5 5 16 3 1 118
$849,950 5,480 0.5 - 1 acre 5 4 14 2 8 138
$699,000 4,227 1 - 2.5 acres 5 4 8 1 2 76
$550,000 2,772 0.25 - 0.5 acre 4 3 21 5 5 75