The LoCo Real Estate Market Report

Purcellville, VA

Single-Family Homes

www.LoCoMusings.com



Purcellville, VA

Sun May 29 2022
This week the median list price for Purcellville, VA is $1,172,500 with the market action index hovering around 56. This is an increase over last month's market action index of 54. Inventory has increased to 30. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Purcellville, VA

Sun May 29 2022
This week the median list price for Purcellville, VA is $1,172,500 with the market action index hovering around 56. This is an increase over last month's market action index of 54. Inventory has increased to 30. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Purcellville market.
Median List Price $1,172,500
Median Price of New Listings $1,050,000
Per Square Foot $287
Average Days on Market 108
Median Days on Market 21
Price Decreased 17%
Price Increased 0%
Relisted 0%
Inventory 30
Median Rent
Market Action 56
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$1,600,000 6,266 10 - 20 acres 4 4.5 20 1 0 56
$1,250,000 4,007 1 - 2.5 acres 4 4.5 19 2 1 21
$1,097,500 3,742 2.5 - 5 acres 4 3.5 22 4 0 3
$774,499 3,142 0.5 - 1 acre 4 2.8 25 4 3 14