The Loco Real Estate Market Report

Leesburg, VA

Single-Family Homes

Michael Elias www.LocoMusings.com



Leesburg, VA

Thu Nov 21 2019
This week the median list price for Leesburg, VA is $787,500 with the market action index hovering around 34. This is less than last month's market action index of 35. Inventory has held steady at or around 152. 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.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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

Thu Nov 21 2019
This week the median list price for Leesburg, VA is $787,500 with the market action index hovering around 34. This is less than last month's market action index of 35. Inventory has held steady at or around 152. 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.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 $787,500
Per Square Foot $181
Days on Market 128
Price Decreased 43%
Price Increased 6%
Relisted 11%
Inventory 152
Median Rent $2,310
Most Expensive $5,799,999
Least Expensive $250,000
Market Action 34
Slight Seller's Advantage

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
$1,679,450 7,882 2.5 - 5 acres 5 5 14 0 0 190
$926,000 5,774 1 - 2.5 acres 5 4 15 1 4 117
$727,250 4,208 0.5 - 1 acre 4 3 6 1 4 119
$542,500 2,859 0.25 - 0.5 acre 4 2 34 5 7 86