The Loco Real Estate Market Report

Sterling, VA

Single-Family Homes

www.LocoMusings.com



Sterling, VA

Sun Jul 05 2020
This week the median list price for Sterling, VA is $624,900 with the market action index hovering around 84. This is less than last month's market action index of 87. Inventory has held steady at or around 24. Click here to stay informed with the Sterling 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.

Sterling, VA

Sun Jul 05 2020
This week the median list price for Sterling, VA is $624,900 with the market action index hovering around 84. This is less than last month's market action index of 87. Inventory has held steady at or around 24. Click here to stay informed with the Sterling 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 Sterling market.
Median List Price $624,900
Per Square Foot $230
Days on Market 50
Price Decreased 8%
Price Increased 4%
Relisted 4%
Inventory 24
Median Rent $2,400
Most Expensive $1,399,000
Least Expensive $409,000
Market Action 84
Strong Seller's Market

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
$1,099,499 5,772 0.5 - 1 acre 5 4 20 2 1 121
$819,450 4,158 0.25 - 0.5 acre 4 3 17 2 2 24
$544,995 2,214 8,000 - 10,000 sqft 3 2 35 3 3 12
$482,000 1,815 0.25 - 0.5 acre 4 2 52 0 4 40