The Loco Real Estate Market Report

Purcellville, VA

Single-Family Homes

www.LocoMusings.com



Purcellville, VA

Thu Jan 23 2020
This week the median list price for Purcellville, VA is $744,900 with the market action index hovering around 33. This is about the same as last month's market action index of 33. Inventory has held steady at or around 59. 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

Thu Jan 23 2020
This week the median list price for Purcellville, VA is $744,900 with the market action index hovering around 33. This is about the same as last month's market action index of 33. Inventory has held steady at or around 59. 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 $744,900
Per Square Foot $200
Days on Market 120
Price Decreased 25%
Price Increased 7%
Relisted 5%
Inventory 59
Median Rent $1,800
Most Expensive $1,700,000
Least Expensive $199,900
Market Action 33
Slight Seller's Advantage

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
$961,950 4,630 2.5 - 5 acres 4 4 3 3 0 155
$804,889 5,403 2.5 - 5 acres 4 3 1 4 2 139
$699,000 3,102 1 - 2.5 acres 4 3 0 3 3 84
$389,900 1,884 0.5 - 1 acre 3 2 52 1 0 105