How's the market in your area?
Woodbridge, VA
Single-Family Homes
Give Back Team, LLC
Woodbridge, VA
Thu Jan 21 2021
This week the median list price for Woodbridge, VA is $507,450 with the market action index hovering around 97. This is an increase over last month's market action index of 95. Inventory has held steady at or around 30.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has achieved a relative stasis point in terms of supply and demand - conditions don’t seem to be getting hotter or cooler. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as a result.
Real-Time Market Profile
| Median List Price | $507,450 | |
| Per Square Foot | $218 | |
| Days on Market | 48 | |
| Price Decreased | 17% | |
| Price Increased | 20% | |
| Relisted | 7% | |
| Inventory | 30 | |
| Median Rent | $2,250 | |
| Most Expensive | $945,000 | |
| Least Expensive | $309,900 | |
| Market Action | 97 | |
| 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 |
|---|---|---|---|---|---|---|---|---|
| $698,480 | 3,028 | 8,000 - 10,000 sqft | 4 | 3 | 1 | 1 | 2 | 113 |
| $594,990 | 3,081 | 8,000 - 10,000 sqft | 4 | 2 | 10 | 4 | 4 | 24 |
| $444,950 | 2,458 | 8,000 - 10,000 sqft | 4 | 3 | 44 | 2 | 4 | 19 |
| $365,000 | 1,456 | 0.25 - 0.5 acre | 3 | 2 | 53 | 4 | 6 | 41 |