The Loco Real Estate Market Report

Sterling, VA

Single-Family Homes

www.LocoMusings.com



Sterling, VA

Fri Feb 28 2020
This week the median list price for Sterling, VA is $647,949 with the market action index hovering around 70. This is an increase over last month's market action index of 69. Inventory has held steady at or around 16. 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 continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices

Sterling, VA

Fri Feb 28 2020
This week the median list price for Sterling, VA is $647,949 with the market action index hovering around 70. This is an increase over last month's market action index of 69. Inventory has held steady at or around 16. 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 continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices

Real-Time Market Profile

Never miss important changes in the Sterling market.
Median List Price $647,949
Per Square Foot $219
Days on Market 95
Price Decreased 25%
Price Increased 0%
Relisted 0%
Inventory 16
Median Rent $2,595
Most Expensive $1,550,000
Least Expensive $465,000
Market Action 70
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.

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
$1,214,500 6,658 0.5 - 1 acre 6 5 21 0 0 308
$692,000 3,473 8,000 - 10,000 sqft 4 3 26 2 1 29
$619,950 2,698 0.25 - 0.5 acre 3 3 45 1 0 28
$512,450 2,250 6,500 - 8,000 sqft 4 2 38 2 2 12