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.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's 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|
|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.
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|