Fri Apr 03 2020
This week the median list price for Hamilton, VA is $929,000 with the market action index hovering around 57. This is about the same as last month's market action index of 57. Inventory has held steady at or around 7.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$929,000|
|Per Square Foot||$202|
|Days on Market||105|
|Strong Seller's Market|
Prices are climbing and we’re nearing the market’s all time high. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,474,999||9,519||5 - 10 acres||5||6||15||1||0||399|
|$1,209,500||6,536||2.5 - 5 acres||4||4||27||1||0||10|
|$824,450||5,172||1 - 2.5 acres||5||3||99||1||0||154|
|$380,000||1,585||0.25 - 0.5 acre||2||2||67||1||0||3|