The LoCo Real Estate Market Report

Purcellville, VA

Single-Family Homes

www.LoCoMusings.com



Purcellville, VA

Wed Feb 21 2024
This week the median list price for Purcellville, VA is $1,224,990 with the market action index hovering around 40. This is less than last month's market action index of 41. Inventory has increased to 29. 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 remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Purcellville, VA

Wed Feb 21 2024
This week the median list price for Purcellville, VA is $1,224,990 with the market action index hovering around 40. This is less than last month's market action index of 41. Inventory has increased to 29. 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 remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Purcellville market.
Median List Price $1,224,990
Median Price of New Listings $742,340
Per Square Foot $300
Average Days on Market 218
Median Days on Market 112
Price Decreased 28%
Price Increased 28%
Relisted 7%
Inventory 29
Median Rent
Market Action 40
Slight Seller's Advantage

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
$1,890,000 5,542 10 - 20 acres 6 5.5 28 0 2 112
$1,275,000 3,406 2.5 - 5 acres 4 3.5 1 0 0 154
$1,115,000 3,909 2.5 - 5 acres 4 3.5 0 0 0 140
$792,340 2,153 5 - 10 acres 3 2 58 4 1 17