The Loco Real Estate Market Report

Sterling, VA

Single-Family Homes

www.LocoMusings.com



Sterling, VA

Tue Jul 14 2020
This week the median list price for Sterling, VA is $676,950 with the market action index hovering around 82. This is less than last month's market action index of 84. 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

The market has started cooling and prices have been flat for several weeks. 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

Tue Jul 14 2020
This week the median list price for Sterling, VA is $676,950 with the market action index hovering around 82. This is less than last month's market action index of 84. 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

The market has started cooling and prices have been flat for several weeks. 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 $676,950
Per Square Foot $207
Days on Market 21
Price Decreased 28%
Price Increased 0%
Relisted 3%
Inventory 32
Median Rent $2,400
Most Expensive $1,399,000
Least Expensive $450,000
Market Action 82
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
$994,999 5,816 0.5 - 1 acre 5 4 20 2 2 28
$799,390 4,222 0.25 - 0.5 acre 5 4 20 3 3 15
$549,500 2,464 6,500 - 8,000 sqft 3 2 33 2 3 9
$486,450 1,882 8,000 - 10,000 sqft 4 2 45 3 5 30