The LoCo Real Estate Market Report

Round Hill, VA

Single-Family Homes

www.LoCoMusings.com



Round Hill, VA

Sun May 29 2022
This week the median list price for Round Hill, VA is $964,500 with the market action index hovering around 73. This is less than last month's market action index of 74. Inventory has increased to 8. 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

The market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Round Hill, VA

Sun May 29 2022
This week the median list price for Round Hill, VA is $964,500 with the market action index hovering around 73. This is less than last month's market action index of 74. Inventory has increased to 8. 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

The market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Round Hill market.
Median List Price $964,500
Median Price of New Listings $810,000
Per Square Foot $253
Average Days on Market 19
Median Days on Market 14
Price Decreased 0%
Price Increased 0%
Relisted 0%
Inventory 8
Median Rent
Market Action 73
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. 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
$1,282,500 3,979 2.5 - 5 acres 4 3.5 24 0 0 45
$1,015,000 4,724 1 - 2.5 acres 4 4 8 1 0 7
$899,000 3,288 5 - 10 acres 3 3 35 0 0 14
$720,000 3,276 0.25 - 0.5 acre 4 3.3 66 1 2 10