The LoCo Real Estate Market Report

Sterling, VA 20164

Single-Family Homes

www.LoCoMusings.com



Sterling, VA 20164

Fri Mar 29 2024
This week the median list price for Sterling, VA 20164 is $824,990 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has decreased to 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.

Slight Seller's Advantage

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Sterling, VA 20164

Fri Mar 29 2024
This week the median list price for Sterling, VA 20164 is $824,990 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has decreased to 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.

Slight Seller's Advantage

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Sterling market.
Median List Price $824,990
Median Price of New Listings $610,000
Per Square Foot $393
Average Days on Market 62
Median Days on Market 77
Price Decreased 15%
Price Increased 62%
Relisted 62%
Inventory 13
Median Rent
Market Action 35
Slight Seller's Advantage

In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend over the last several weeks.

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
$939,796 2,252 0 - 4,500 sqft 3 3 0 0 0 49
$854,990 2,247 0 - 4,500 sqft 3 3 0 0 0 77
$824,990 1,676 0 - 4,500 sqft 2 2 0 0 0 77
$707,445 1,537 4,500 - 6,500 sqft 3 2 29 1 0 42