The Loco Real Estate Market Report

Sterling, VA 20165

Single-Family Homes

www.LocoMusings.com



Sterling, VA 20165

Mon Jul 06 2020
This week the median list price for Sterling, VA 20165 is $742,500 with the market action index hovering around 74. This is less than last month's market action index of 79. Inventory has held steady at or around 18. 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 recently plateaued. 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 20165

Mon Jul 06 2020
This week the median list price for Sterling, VA 20165 is $742,500 with the market action index hovering around 74. This is less than last month's market action index of 79. Inventory has held steady at or around 18. 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 recently plateaued. 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 $742,500
Per Square Foot $195
Days on Market 57
Price Decreased 28%
Price Increased 6%
Relisted 0%
Inventory 18
Median Rent $2,750
Most Expensive $1,399,000
Least Expensive $495,000
Market Action 74
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
$1,114,499 5,935 0.5 - 1 acre 5 4 20 0 0 189
$856,000 5,085 8,000 - 10,000 sqft 4 4 19 2 0 24
$725,000 3,814 0.25 - 0.5 acre 4 3 23 4 0 25
$585,000 2,092 6,500 - 8,000 sqft 3 2 34 1 1 9