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. 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.

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

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. 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.

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 $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

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
$1,495,000 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