The Loco Real Estate Market Report
Round Hill, VA
Single-Family Homes
www.LocoMusings.com
Round Hill, VA
Mon Jan 20 2020
This week the median list price for Round Hill, VA is $594,990 with the market action index hovering around 35. This is an increase over last month's market action index of 34. Inventory has held steady at or around 27.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.
Real-Time Market Profile
| Median List Price | $594,990 | |
| Per Square Foot | $194 | |
| Days on Market | 163 | |
| Price Decreased | 30% | |
| Price Increased | 11% | |
| Relisted | 11% | |
| Inventory | 27 | |
| Median Rent | $2,000 | |
| Most Expensive | $2,299,000 | |
| Least Expensive | $399,900 | |
| Market Action | 35 | |
| Slight Seller's Advantage | ||
Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. 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 |
|---|---|---|---|---|---|---|---|---|
| $1,069,000 | 4,090 | 10 - 20 acres | 4 | 3 | 32 | 0 | 0 | 351 |
| $749,000 | 3,730 | 1 - 2.5 acres | 5 | 3 | 6 | 1 | 2 | 135 |
| $569,990 | 3,700 | 0.25 - 0.5 acre | 4 | 2 | 1 | 1 | 0 | 103 |
| $469,950 | 2,249 | 0.25 - 0.5 acre | 3 | 2 | 43 | 1 | 2 | 88 |