The Loco Real Estate Market Report

Purcellville, VA

Single-Family Homes

Michael Elias www.LocoMusings.com



Purcellville, VA

Fri Nov 22 2019
This week the median list price for Purcellville, VA is $749,945 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 72. Click here to stay informed with the Purcellville 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.

Purcellville, VA

Fri Nov 22 2019
This week the median list price for Purcellville, VA is $749,945 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 72. Click here to stay informed with the Purcellville 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 Purcellville market.
Median List Price $749,945
Per Square Foot $185
Days on Market 116
Price Decreased 33%
Price Increased 6%
Relisted 7%
Inventory 72
Median Rent $2,250
Most Expensive $2,850,000
Least Expensive $237,500
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
$974,450 4,704 2.5 - 5 acres 4 4 15 2 0 209
$799,000 5,458 2.5 - 5 acres 4 3 13 1 2 101
$650,000 3,266 0.5 - 1 acre 4 3 16 3 0 68
$459,750 2,039 1 - 2.5 acres 3 2 51 1 2 85