The Loco Real Estate Market Report

Sterling, VA

Single-Family Homes

www.LocoMusings.com



Sterling, VA

Mon Apr 06 2020
This week the median list price for Sterling, VA is $663,999 with the market action index hovering around 77. This is an increase over last month's market action index of 71. Inventory has held steady at or around 22. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Sterling, VA

Mon Apr 06 2020
This week the median list price for Sterling, VA is $663,999 with the market action index hovering around 77. This is an increase over last month's market action index of 71. Inventory has held steady at or around 22. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Sterling market.
Median List Price $663,999
Per Square Foot $193
Days on Market 45
Price Decreased 9%
Price Increased 5%
Relisted 5%
Inventory 22
Median Rent $2,475
Most Expensive $1,229,000
Least Expensive $434,912
Market Action 77
Strong Seller's Market

The market seems to have paused around this plateau. 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
$935,000 5,572 0.25 - 0.5 acre 4 4 23 1 0 116
$725,000 4,168 8,000 - 10,000 sqft 4 3 21 1 3 18
$639,950 3,041 8,000 - 10,000 sqft 4 3 28 3 1 28
$462,500 1,991 0.25 - 0.5 acre 4 2 48 5 5 24