The LoCo Real Estate Market Report

Leesburg, VA

Single-Family Homes

www.LoCoMusings.com



Leesburg, VA

Sat Jul 31 2021
This week the median list price for Leesburg, VA is $899,000 with the market action index hovering around 75. This is less than last month's market action index of 81. Inventory has increased to 51. Click here to stay informed with the Leesburg 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 been flat for several weeks. 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.

Leesburg, VA

Sat Jul 31 2021
This week the median list price for Leesburg, VA is $899,000 with the market action index hovering around 75. This is less than last month's market action index of 81. Inventory has increased to 51. Click here to stay informed with the Leesburg 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 been flat for several weeks. 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 Leesburg market.
Median List Price $899,000
Median Price of New Listings $855,000
Per Square Foot $211
Average Days on Market 40
Median Days on Market 14
Price Decreased 27%
Price Increased 2%
Relisted 2%
Inventory 51
Median Rent $2,995
Market Action 75
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
$1,474,994 7,522 1 - 2.5 acres 5 4 20 4 2 28
$994,900 5,097 0.25 - 0.5 acre 5 4 20 2 0 35
$845,000 4,200 0.25 - 0.5 acre 4 3 19 5 5 14
$575,000 2,863 0.25 - 0.5 acre 4 3 38 5 5 7