The LoCo Real Estate Market Report
Purcellville, VA
Single-Family Homes
www.LoCoMusings.com
Purcellville, VA
Thu Mar 30 2023
This week the median list price for Purcellville, VA is $1,235,000 with the market action index hovering around 47. This is an increase over last month's market action index of 46. Inventory has held steady at or around 18.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
Real-Time Market Profile
| Median List Price | $1,235,000 | |
| Median Price of New Listings | $1,537,500 | |
| Per Square Foot | $318 | |
| Average Days on Market | 271 | |
| Median Days on Market | 77 | |
| Price Decreased | 17% | |
| Price Increased | 22% | |
| Relisted | 6% | |
| Inventory | 18 | |
| Median Rent | ||
| Market Action | 47 | |
| Strong Seller's Market | ||
This week saw relatively little price change from last week. However, prices continue demonstrate a nice up trend in general over the last several weeks.
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 |
|---|---|---|---|---|---|---|---|---|
| $2,327,000 | 7,738 | 10 - 20 acres | 5 | 5.3 | 22 | 1 | 0 | 294 |
| $1,370,000 | 3,994 | 5 - 10 acres | 4 | 3.5 | 5 | 1 | 1 | 35 |
| $1,219,990 | 3,704 | 1 - 2.5 acres | 4 | 3.5 | 0 | 0 | 0 | 77 |
| $1,045,000 | 3,158 | 2.5 - 5 acres | 4 | 2.5 | 60 | 0 | 2 | 77 |