The LoCo Real Estate Market Report

Round Hill, VA

Single-Family Homes

www.LoCoMusings.com



Round Hill, VA

Fri Mar 24 2023
This week the median list price for Round Hill, VA is $1,380,000 with the market action index hovering around 52. This is less than last month's market action index of 59. Inventory has increased to 10. Click here to stay informed with the Round Hill market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Round Hill, VA

Fri Mar 24 2023
This week the median list price for Round Hill, VA is $1,380,000 with the market action index hovering around 52. This is less than last month's market action index of 59. Inventory has increased to 10. Click here to stay informed with the Round Hill market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Round Hill market.
Median List Price $1,380,000
Median Price of New Listings $925,000
Per Square Foot $404
Average Days on Market 76
Median Days on Market 60
Price Decreased 30%
Price Increased 10%
Relisted 10%
Inventory 10
Median Rent
Market Action 52
Strong Seller's Market

Price trends continued their recent uptrend this week. While still below the market’s price high-point, we’ve seen a nice run recently.

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
$2,136,999 4,419 10 - 20 acres 3 4.3 111 0 0 73
$1,812,000 2,800 5 - 10 acres 3 2.5 38 0 0 112
$1,215,000 3,725 5 - 10 acres 4 4.5 0 0 2 49
$699,500 2,314 2.5 - 5 acres 3 2.5 44 1 1 21