The LoCo Real Estate Market Report

Leesburg, VA

Single-Family Homes

www.LoCoMusings.com



Leesburg, VA

Fri Jun 21 2024
This week the median list price for Leesburg, VA is $1,449,999 with the market action index hovering around 54. This is an increase over last month's market action index of 52. Inventory has increased to 55. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Leesburg, VA

Fri Jun 21 2024
This week the median list price for Leesburg, VA is $1,449,999 with the market action index hovering around 54. This is an increase over last month's market action index of 52. Inventory has increased to 55. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Leesburg market.
Median List Price $1,449,999
Median Price of New Listings $1,499,000
Per Square Foot $292
Average Days on Market 71
Median Days on Market 28
Price Decreased 40%
Price Increased 7%
Relisted 5%
Inventory 55
Median Rent
Market Action 54
Strong Seller's Market

The market appears to be hovering around these current levels, though prices movved up a bit this week. The Market Action Index is a good leading indicator for the durability of this shift.

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
$2,695,000 7,552 10 - 20 acres 5 5.5 17 1 1 42
$1,604,500 6,127 1 - 2.5 acres 4 5 18 5 2 21
$1,199,995 4,928 0.25 - 0.5 acre 5 4.5 19 3 2 14
$789,495 2,452 8,000 - 10,000 sqft 3 2.5 5 2 3 35