Altos Research

Centreville, VA

Single-Family Homes

Market Data for Realtors. Schedule a demo today at altos.re.



Centreville, VA

Tue Aug 20 2019
This week the median list price for Centreville, VA is $679,900 with the market action index hovering around 40. This is less than last month's market action index of 44. Inventory has held steady at or around 47. Click here to stay informed with the Centreville market!

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

Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Centreville, VA

Tue Aug 20 2019
This week the median list price for Centreville, VA is $679,900 with the market action index hovering around 40. This is less than last month's market action index of 44. Inventory has held steady at or around 47. Click here to stay informed with the Centreville market!

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

Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Centreville market.
Median List Price $679,900
Per Square Foot $184
Days on Market 123
Price Decreased 38%
Price Increased 4%
Relisted 21%
Inventory 47
Median House Rent $2,300
Most Expensive $3,150,000
Least Expensive $299,900
Market Action Index
Slight Seller's Advantage
40

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. 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
$1,450,000 8,790 5 - 10 acres 6 6 4 5 1 110
$839,900 5,710 0.5 - 1 acre 5 4 0 0 1 155
$639,499 3,059 0.25 - 0.5 acre 4 3 30 1 3 75
$519,950 2,216 0.25 - 0.5 acre 4 2 42 2 3 152