Sat Sep 26 2020
This week the median list price for Leesburg, VA is $784,490 with the market action index hovering around 60. This is an increase over last month's market action index of 58. Inventory has held steady at or around 82.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$784,490|
|Per Square Foot||$205|
|Days on Market||96|
|Strong Seller's Market|
The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,949,495||7,193||2.5 - 5 acres||5||5||16||3||2||188|
|$899,945||5,157||0.25 - 0.5 acre||5||4||3||4||2||94|
|$724,000||3,513||4,500 - 6,500 sqft||4||3||14||3||7||57|
|$465,000||2,134||0 - 4,500 sqft||3||2||26||8||8||45|