The LoCo Real Estate Market Report

Sterling, VA

Single-Family Homes

www.LoCoMusings.com



Sterling, VA

Sat Jul 31 2021
This week the median list price for Sterling, VA is $639,000 with the market action index hovering around 87. This is less than last month's market action index of 89. Inventory has increased to 35. 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

The market has started cooling and prices have recently plateaued. Since 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.

Sterling, VA

Sat Jul 31 2021
This week the median list price for Sterling, VA is $639,000 with the market action index hovering around 87. This is less than last month's market action index of 89. Inventory has increased to 35. 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

The market has started cooling and prices have recently plateaued. Since 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 Sterling market.
Median List Price $639,000
Median Price of New Listings $550,000
Per Square Foot $245
Average Days on Market 17
Median Days on Market 0
Price Decreased 26%
Price Increased 3%
Relisted 9%
Inventory 35
Median Rent $2,400
Market Action 87
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
$1,074,450 5,448 0.25 - 0.5 acre 5 4 16 4 2 35
$755,000 3,260 8,000 - 10,000 sqft 4 3 28 4 1 7
$575,000 2,013 8,000 - 10,000 sqft 4 2 48 3 2 14
$444,999 1,422 8,000 - 10,000 sqft 3 2 52 7 4 0