The LoCo Real Estate Market Report

Leesburg, VA

Single-Family Homes

www.LoCoMusings.com



Leesburg, VA

Thu Apr 18 2024
This week the median list price for Leesburg, VA is $1,130,000 with the market action index hovering around 54. This is an increase over last month's market action index of 50. Inventory has decreased to 35. 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

Thu Apr 18 2024
This week the median list price for Leesburg, VA is $1,130,000 with the market action index hovering around 54. This is an increase over last month's market action index of 50. Inventory has decreased to 35. 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 $1,130,000
Median Price of New Listings $850,000
Per Square Foot $300
Average Days on Market 81
Median Days on Market 35
Price Decreased 40%
Price Increased 0%
Relisted 9%
Inventory 35
Median Rent
Market Action 54
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
$2,697,500 7,560 2.5 - 5 acres 5 6.3 9 0 2 98
$1,498,000 5,672 2.5 - 5 acres 5 4.5 18 1 1 63
$1,038,190 3,582 6,500 - 8,000 sqft 5 3.5 5 3 3 7
$470,000 1,532 0.25 - 0.5 acre 2 2 1 1 0 35