The Loco Real Estate Market Report

Purcellville, VA

Single-Family Homes

www.LocoMusings.com



Purcellville, VA

Thu Apr 02 2020
This week the median list price for Purcellville, VA is $782,495 with the market action index hovering around 38. This is an increase over last month's market action index of 37. Inventory has held steady at or around 66. 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

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.

Purcellville, VA

Thu Apr 02 2020
This week the median list price for Purcellville, VA is $782,495 with the market action index hovering around 38. This is an increase over last month's market action index of 37. Inventory has held steady at or around 66. 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

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 Purcellville market.
Median List Price $782,495
Per Square Foot $191
Days on Market 122
Price Decreased 29%
Price Increased 6%
Relisted 8%
Inventory 66
Median Rent $2,398
Most Expensive $2,700,000
Least Expensive $259,900
Market Action 38
Slight Seller's Advantage

Prices appear to be hovering around their high point. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

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
$1,049,750 5,638 10 - 20 acres 4 4 16 0 1 237
$852,400 5,369 2.5 - 5 acres 4 4 0 0 1 89
$739,900 4,119 1 - 2.5 acres 4 3 0 0 2 80
$525,000 2,742 1 - 2.5 acres 3 2 77 2 2 85