The Loco Real Estate Market Report

Purcellville, VA

Single-Family Homes

www.LocoMusings.com



Purcellville, VA

Mon Nov 23 2020
This week the median list price for Purcellville, VA is $859,900 with the market action index hovering around 53. This is less than last month's market action index of 54. Inventory has held steady at or around 32. 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.

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.

Purcellville, VA

Mon Nov 23 2020
This week the median list price for Purcellville, VA is $859,900 with the market action index hovering around 53. This is less than last month's market action index of 54. Inventory has held steady at or around 32. 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.

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 Purcellville market.
Median List Price $859,900
Per Square Foot $204
Days on Market 168
Price Decreased 28%
Price Increased 16%
Relisted 16%
Inventory 32
Median Rent $1,800
Most Expensive $3,200,000
Least Expensive $359,000
Market Action 53
Strong Seller's Market

The market appears to be hovering around this plateau. Look for a persistent change 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
$1,799,950 8,406 10 - 20 acres 4 5 15 0 0 169
$949,995 5,900 2.5 - 5 acres 4 3 17 0 1 317
$749,000 3,642 1 - 2.5 acres 4 3 34 3 1 119
$562,000 2,499 1 - 2.5 acres 3 1 60 3 4 63