The Loco Real Estate Market Report
Sterling, VA
Single-Family Homes
www.LocoMusings.com
Sterling, VA
Mon Sep 28 2020
This week the median list price for Sterling, VA is $485,000 with the market action index hovering around 80. This is an increase over last month's market action index of 79. Inventory has held steady at or around 53.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.
Real-Time Market Profile
| Median List Price | $485,000 | |
| Per Square Foot | $248 | |
| Days on Market | 22 | |
| Price Decreased | 21% | |
| Price Increased | 0% | |
| Relisted | 8% | |
| Inventory | 53 | |
| Median Rent | $2,450 | |
| Most Expensive | $999,999 | |
| Least Expensive | $319,900 | |
| Market Action | 80 | |
| Strong Seller's Market | ||
Each segment below represents approximately 25% of the market ordered by price.