The Loco Real Estate Market Report

Sterling, VA

Single-Family Homes

Michael Elias www.LocoMusings.com



Sterling, VA

Fri Nov 22 2019
This week the median list price for Sterling, VA is $494,945 with the market action index hovering around 62. This is an increase over last month's market action index of 59. Inventory has held steady at or around 32. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Sterling, VA

Fri Nov 22 2019
This week the median list price for Sterling, VA is $494,945 with the market action index hovering around 62. This is an increase over last month's market action index of 59. Inventory has held steady at or around 32. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Sterling market.
Median List Price $494,945
Per Square Foot $196
Days on Market 64
Price Decreased 38%
Price Increased 3%
Relisted 6%
Inventory 32
Median Rent $2,500
Most Expensive $1,550,000
Least Expensive $331,000
Market Action 62
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.

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
$874,000 4,493 0.25 - 0.5 acre 5 4 23 1 1 159
$630,950 3,454 8,000 - 10,000 sqft 4 3 23 4 4 44
$450,000 1,932 8,000 - 10,000 sqft 4 2 43 1 2 14
$431,850 1,688 8,000 - 10,000 sqft 3 2 51 3 3 36