The LoCo Real Estate Market Report

Round Hill, VA

Single-Family Homes

www.LoCoMusings.com



Round Hill, VA

Sat Jul 20 2024
This week the median list price for Round Hill, VA is $1,547,000 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

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, though the market is still in the Seller’s zone. 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.

Round Hill, VA

Sat Jul 20 2024
This week the median list price for Round Hill, VA is $1,547,000 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

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, though the market is still in the Seller’s zone. 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

Never miss important changes in the Round Hill market.
Median List Price $1,547,000
Median Price of New Listings $760,000
Per Square Foot $302
Average Days on Market 152
Median Days on Market 70
Price Decreased 60%
Price Increased 0%
Relisted 30%
Inventory 10
Median Rent
Market Action 52
Strong Seller's Market

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.

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
$2,972,500 7,836 N/A 6 6.8 61 0 0 248
$2,100,000 6,296 10 - 20 acres 4 4.5 32 0 0 56
$1,375,000 2,329 5 - 10 acres 3 3.5 30 0 0 70
$699,999 2,570 0.25 - 0.5 acre 3 2.5 18 1 0 70