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.
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
| 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 |