The LoCo Real Estate Market Report

Sterling, VA

Single-Family Homes

www.LoCoMusings.com



Sterling, VA

Fri Mar 24 2023
This week the median list price for Sterling, VA is $797,495 with the market action index hovering around 58. This is an increase over last month's market action index of 56. Inventory has decreased to 12. 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 continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Sterling, VA

Fri Mar 24 2023
This week the median list price for Sterling, VA is $797,495 with the market action index hovering around 58. This is an increase over last month's market action index of 56. Inventory has decreased to 12. 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 continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Never miss important changes in the Sterling market.
Median List Price $797,495
Median Price of New Listings $747,500
Per Square Foot $417
Average Days on Market 99
Median Days on Market 53
Price Decreased 33%
Price Increased 25%
Relisted 25%
Inventory 12
Median Rent
Market Action 58
Strong Seller's Market

Price trends continued their recent uptrend this week. While still below the market’s price high-point, we’ve seen a nice run recently.

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
$969,990 4,281 4,500 - 6,500 sqft 4 3.5 27 0 1 35
$809,990 1,756 6,500 - 8,000 sqft 2 2 0 0 0 210
$719,990 1,503 0 - 4,500 sqft 2 2 0 1 1 70
$679,990 1,790 0 - 4,500 sqft 3 2.5 23 1 0 7