The Loco Real Estate Market Report

Sterling, VA

Single-Family Homes

www.LocoMusings.com



Sterling, VA

Mon Jan 20 2020
This week the median list price for Sterling, VA is $665,000 with the market action index hovering around 66. This is less than last month's market action index of 67. Inventory has held steady at or around 19. 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

Market appears to have begun to cool. As we’re still notably in a Seller’s market, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Sterling, VA

Mon Jan 20 2020
This week the median list price for Sterling, VA is $665,000 with the market action index hovering around 66. This is less than last month's market action index of 67. Inventory has held steady at or around 19. 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

Market appears to have begun to cool. As we’re still notably in a Seller’s market, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Sterling market.
Median List Price $665,000
Per Square Foot $227
Days on Market 93
Price Decreased 26%
Price Increased 0%
Relisted 0%
Inventory 19
Median Rent $2,450
Most Expensive $1,550,000
Least Expensive $369,900
Market Action 66
Strong Seller's Market

Though this week saw relatively little price change from last week, the market seems to be show some signs of strength. 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
$1,074,000 6,137 0.5 - 1 acre 4 4 21 1 0 309
$679,000 3,796 8,000 - 10,000 sqft 4 3 26 1 1 57
$599,999 2,584 8,000 - 10,000 sqft 4 3 27 2 1 15
$445,000 1,808 8,000 - 10,000 sqft 5 2 47 3 1 33