The LoCo Real Estate Market Report

Lovettsville, VA

Single-Family Homes

www.LoCoMusings.com



Lovettsville, VA

Sat Apr 13 2024
This week the median list price for Lovettsville, VA is $1,049,900 with the market action index hovering around 40. This is an increase over last month's market action index of 36. Inventory has decreased to 11. Click here to stay informed with the Lovettsville market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Lovettsville, VA

Sat Apr 13 2024
This week the median list price for Lovettsville, VA is $1,049,900 with the market action index hovering around 40. This is an increase over last month's market action index of 36. Inventory has decreased to 11. Click here to stay informed with the Lovettsville market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Lovettsville market.
Median List Price $1,049,900
Median Price of New Listings $615,000
Per Square Foot $350
Average Days on Market 94
Median Days on Market 42
Price Decreased 55%
Price Increased 0%
Relisted 0%
Inventory 11
Median Rent
Market Action 40
Slight Seller's Advantage

The market seems to have paused around this plateau. This week prices eased down a bit.Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

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
$2,447,500 4,225 N/A 4 4.3 121 0 0 112
$1,134,900 4,555 2.5 - 5 acres 4 4.5 18 0 0 154
$1,045,000 3,644 2.5 - 5 acres 4 4.5 18 0 0 28
$615,000 2,064 2.5 - 5 acres 4 2 52 1 1 42