The LoCo Real Estate Market Report
Sterling, VA 20164
Single-Family Homes
www.LoCoMusings.com
Sterling, VA 20164
Sat Apr 20 2024
This week the median list price for Sterling, VA 20164 is $897,588 with the market action index hovering around 38. This is an increase over last month's market action index of 35. Inventory has decreased to 9.
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 settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.
Real-Time Market Profile
| Median List Price | $897,588 | |
| Median Price of New Listings | $637,450 | |
| Per Square Foot | $445 | |
| Average Days on Market | 71 | |
| Median Days on Market | 98 | |
| Price Decreased | 11% | |
| Price Increased | 33% | |
| Relisted | 0% | |
| Inventory | 9 | |
| Median Rent | ||
| Market Action | 38 | |
| Slight Seller's Advantage | ||
Click for more charts
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 |
|---|---|---|---|---|---|---|---|---|
| $1,042,759 | 2,339 | 4,500 - 6,500 sqft | 3 | 3 | 0 | 0 | 0 | 98 |
| $966,070 | 2,543 | 0 - 4,500 sqft | 3 | 3.5 | 0 | 0 | 0 | 70 |
| $873,744 | 2,537 | 6,500 - 8,000 sqft | 3 | 3.5 | 26 | 0 | 0 | 101 |
| $674,900 | 1,676 | 6,500 - 8,000 sqft | 3 | 2 | 37 | 2 | 2 | 0 |