The LoCo Real Estate Market Report

Round Hill, VA

Single-Family Homes

www.LoCoMusings.com



Round Hill, VA

Mon Dec 11 2023
This week the median list price for Round Hill, VA is $1,450,000 with the market action index hovering around 32. This is less than last month's market action index of 40. Inventory has held steady at or around 13. 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.

Slight Seller's Advantage

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.

Round Hill, VA

Mon Dec 11 2023
This week the median list price for Round Hill, VA is $1,450,000 with the market action index hovering around 32. This is less than last month's market action index of 40. Inventory has held steady at or around 13. 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.

Slight Seller's Advantage

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

Never miss important changes in the Round Hill market.
Median List Price $1,450,000
Median Price of New Listings $0
Per Square Foot $377
Average Days on Market 127
Median Days on Market 63
Price Decreased 23%
Price Increased 23%
Relisted 8%
Inventory 13
Median Rent
Market Action 32
Slight Seller's Advantage

The market continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index as a leading indicator for how long this trend will last.

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
$3,199,000 4,600 10 - 20 acres 5 4.5 9 0 0 42
$1,719,000 4,280 5 - 10 acres 4 3.5 36 0 0 28
$1,225,000 3,188 5 - 10 acres 4 2.5 0 0 0 105
$717,450 3,386 8,000 - 10,000 sqft 4 3.5 20 0 1 49