The LoCo Real Estate Market Report

Round Hill, VA

Single-Family Homes

www.LoCoMusings.com



Round Hill, VA

Wed Sep 22 2021
This week the median list price for Round Hill, VA is $949,000 with the market action index hovering around 61. This is less than last month's market action index of 66. Inventory has held steady at or around 12. 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 over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Round Hill, VA

Wed Sep 22 2021
This week the median list price for Round Hill, VA is $949,000 with the market action index hovering around 61. This is less than last month's market action index of 66. Inventory has held steady at or around 12. 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 over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Round Hill market.
Median List Price $949,000
Median Price of New Listings $1,067,500
Per Square Foot $258
Average Days on Market 25
Median Days on Market 25
Price Decreased 33%
Price Increased 8%
Relisted 0%
Inventory 12
Median Rent
Market Action 61
Strong Seller's Market

Despite this week’s down tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.

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
$1,195,000 3,844 10 - 20 acres 4 3 14 2 0 0
$999,000 3,406 2.5 - 5 acres 4 3 32 1 1 56
$824,990 3,500 0.25 - 0.5 acre 4 2 16 0 0 35
$575,000 2,647 4,500 - 6,500 sqft 4 2 15 1 0 7