The Loco Real Estate Market Report

Sterling, VA 20164

Single-Family Homes

www.LocoMusings.com



Sterling, VA 20164

Mon Jul 06 2020
This week the median list price for Sterling, VA 20164 is $489,000 with the market action index hovering around 82. This is less than last month's market action index of 90. Inventory has held steady at or around 13. Click here to stay informed with the Sterling market!

Market Action Index

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

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Sterling, VA 20164

Mon Jul 06 2020
This week the median list price for Sterling, VA 20164 is $489,000 with the market action index hovering around 82. This is less than last month's market action index of 90. Inventory has held steady at or around 13. Click here to stay informed with the Sterling market!

Market Action Index

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

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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 Sterling market.
Median List Price $489,000
Per Square Foot $239
Days on Market 20
Price Decreased 15%
Price Increased 0%
Relisted 0%
Inventory 13
Median Rent $2,450
Most Expensive $599,900
Least Expensive $399,999
Market Action 82
Strong Seller's Market

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
$529,900 2,407 8,000 - 10,000 sqft 5 3 41 2 1 14
$494,900 2,465 8,000 - 10,000 sqft 6 3 48 2 1 30
$475,000 1,958 0.25 - 0.5 acre 4 2 44 1 0 32
$425,000 1,454 8,000 - 10,000 sqft 3 2 50 3 1 7