Altos Research

Burke, VA

Single-Family Homes

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Burke, VA

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

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.

Burke, VA

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

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 Burke market.
Median List Price $614,990
Per Square Foot $234
Days on Market 87
Price Decreased 56%
Price Increased 3%
Relisted 15%
Inventory 39
Median House Rent $1,598
Most Expensive $1,399,999
Least Expensive $475,000
Market Action Index
Strong Seller's Market
47

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$999,999 4,600 0.5 - 1 acre 5 4 20 1 0 186
$689,925 3,446 0.25 - 0.5 acre 4 2 38 4 2 49
$599,450 2,215 0.25 - 0.5 acre 4 2 40 3 1 55
$517,500 1,735 8,000 - 10,000 sqft 3 2 40 0 3 68