Sat Sep 26 2020
This week the median list price for Bristow, VA is $530,000 with the market action index hovering around 77. This is an increase over last month's market action index of 76. Inventory has held steady at or around 20.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$530,000|
|Per Square Foot||$149|
|Days on Market||30|
|Strong Seller's Market|
The market appears to be hovering around this plateau. This week prices eased down a bit. The Market Action Index is a good leading indicator for the durability of this shift.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$699,900||5,060||0.25 - 0.5 acre||5||5||0||1||1||109|
|$565,000||3,348||6,500 - 8,000 sqft||4||3||19||3||4||2|
|$449,900||4,042||4,500 - 6,500 sqft||3||3||19||3||3||4|
|$325,000||1,920||0 - 4,500 sqft||3||2||24||4||3||5|