Altos Research
Purcellville, VA
Single-Family Homes
Market Data for Realtors. Schedule a demo today at altos.re.
Purcellville, VA
Tue Mar 26 2019
This week the median list price for Purcellville, VA is $704,500 with the market action index hovering around 31. This is an increase over last month's market action index of 29. Inventory has held steady at or around 54.
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
While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.
Real-Time Market Profile
| Median List Price | $704,500 | |
| Per Square Foot | $185 | |
| Days on Market | 156 | |
| Price Decreased | 20% | |
| Price Increased | 6% | |
| Relisted | 4% | |
| Inventory | 54 | |
| Median House Rent | $1,750 | |
| Most Expensive | $7,995,000 | |
| Least Expensive | $200,000 | |
| Market Action Index Slight Seller's Advantage | 31 |
The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.
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 |
|---|---|---|---|---|---|---|---|---|
| $969,000 | 4,966 | 5 - 10 acres | 4 | 3 | 30 | 0 | 0 | 215 |
| $769,800 | 4,320 | 2.5 - 5 acres | 4 | 3 | 0 | 1 | 1 | 198 |
| $646,000 | 3,559 | 2.5 - 5 acres | 4 | 3 | 13 | 1 | 0 | 105 |
| $494,500 | 2,509 | 0.25 - 0.5 acre | 4 | 2 | 49 | 3 | 2 | 112 |