The LoCo Real Estate Market Report
Round Hill, VA
Single-Family Homes
www.LoCoMusings.com
Round Hill, VA
Sun Dec 22 2024
This week the median list price for Round Hill, VA is $999,000 with the market action index hovering around 52. This is an increase over last month's market action index of 50. Inventory has decreased to 7.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. 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
| Median List Price | $999,000 | |
| Median Price of New Listings | $660,000 | |
| Per Square Foot | $439 | |
| Average Days on Market | 132 | |
| Median Days on Market | 77 | |
| Price Decreased | 29% | |
| Price Increased | 0% | |
| Relisted | 14% | |
| Inventory | 7 | |
| Median Rent | ||
| Market Action | 52 | |
| Strong Seller's Market | ||
This week saw relatively little price change from last week. However the market appears to be trying to establish an uptrend. 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 |
|---|---|---|---|---|---|---|---|---|
| $3,150,000 | 4,000 | N/A | 4 | 3.5 | 113 | 0 | 0 | 392 |
| $2,400,000 | 5,381 | 10 - 20 acres | 4 | 4.5 | 38 | 0 | 0 | 147 |
| $987,000 | 3,447 | 0.25 - 0.5 acre | 3 | 3 | 2 | 0 | 0 | 80 |
| $720,000 | 2,147 | 8,000 - 10,000 sqft | 3 | 2.5 | 18 | 1 | 0 | 38 |