The LoCo Real Estate Market Report
Sterling, VA
Single-Family Homes
www.LoCoMusings.com
Sterling, VA
Wed Feb 05 2025
This week the median list price for Sterling, VA is $824,950 with the market action index hovering around 86. This is less than last month's market action index of 87. Inventory has increased to 6.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.
Real-Time Market Profile
| Median List Price | $824,950 | |
| Median Price of New Listings | $856,000 | |
| Per Square Foot | $319 | |
| Average Days on Market | 8 | |
| Median Days on Market | 4 | |
| Price Decreased | 17% | |
| Price Increased | 17% | |
| Relisted | 0% | |
| Inventory | 6 | |
| Median Rent | ||
| Market Action | 86 | |
| Strong Seller's Market | ||
This week saw relatively little price change from last week. However the market appears to be trying to establish an uptrend. 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 |
|---|---|---|---|---|---|---|---|---|
| $1,025,000 | 4,132 | 6,500 - 8,000 sqft | 5 | 3.5 | 26 | 0 | 1 | 7 |
| $887,000 | 3,042 | 0.25 - 0.5 acre | 5 | 3.5 | 39 | 1 | 0 | 0 |
| $824,950 | 1,870 | 1 - 2.5 acres | 3 | 2.3 | 47 | 1 | 1 | 0 |
| $684,015 | 1,882 | 6,500 - 8,000 sqft | 4 | 3 | 50 | 0 | 0 | 21 |