The LoCo Real Estate Market Report

Leesburg, VA

Single-Family Homes

www.LoCoMusings.com



Leesburg, VA

Fri Mar 24 2023
This week the median list price for Leesburg, VA is $1,170,569 with the market action index hovering around 64. This is an increase over last month's market action index of 57. Inventory has decreased to 26. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Leesburg, VA

Fri Mar 24 2023
This week the median list price for Leesburg, VA is $1,170,569 with the market action index hovering around 64. This is an increase over last month's market action index of 57. Inventory has decreased to 26. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Leesburg market.
Median List Price $1,170,569
Median Price of New Listings $1,261,995
Per Square Foot $257
Average Days on Market 71
Median Days on Market 7
Price Decreased 31%
Price Increased 0%
Relisted 12%
Inventory 26
Median Rent
Market Action 64
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$2,349,950 7,909 2.5 - 5 acres 5 5.8 17 3 1 3
$1,547,500 5,930 1 - 2.5 acres 4 4.5 12 1 2 31
$954,990 4,389 4,500 - 6,500 sqft 4 4.5 13 3 1 7
$699,000 3,017 8,000 - 10,000 sqft 4 3.5 35 1 3 14