Altos Market Data for Realtors

Burke, VA

Single-Family Homes

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Burke, VA

Wed Oct 23 2019
This week the median list price for Burke, VA is $609,950 with the market action index hovering around 57. This is less than last month's market action index of 58. Inventory has held steady at or around 22. Click here to stay informed with the Burke market!

Market Action Index

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

Strong Seller's Market

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Burke, VA

Wed Oct 23 2019
This week the median list price for Burke, VA is $609,950 with the market action index hovering around 57. This is less than last month's market action index of 58. Inventory has held steady at or around 22. Click here to stay informed with the Burke market!

Market Action Index

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

Strong Seller's Market

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Burke market.
Median List Price $609,950
Per Square Foot $278
Days on Market 89
Price Decreased 55%
Price Increased 5%
Relisted 9%
Inventory 22
Median House Rent $2,995
Most Expensive $1,340,000
Least Expensive $470,250
Market Action Index
Strong Seller's Market
57

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle. 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
$984,900 4,261 0.5 - 1 acre 4 4 24 1 0 180
$725,000 2,583 0.25 - 0.5 acre 4 3 34 1 4 29
$583,000 2,110 0.25 - 0.5 acre 4 3 41 0 1 63
$499,249 1,358 6,500 - 8,000 sqft 4 2 44 0 2 89