Sun Feb 23 2020
This week the median list price for Springfield, VA is $752,450 with the market action index hovering around 71. This is an increase over last month's market action index of 62. Inventory has held steady at or around 18.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$752,450|
|Per Square Foot||$231|
|Days on Market||60|
|Strong Seller's Market|
Price trends continued their recent uptrend this week. While still below the market’s high point, we may be seeing the start of a good price stretch here.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,136,950||6,375||0.5 - 1 acre||5||5||10||1||1||103|
|$874,450||5,335||0.25 - 0.5 acre||5||5||16||0||2||99|
|$629,900||2,551||0.25 - 0.5 acre||5||3||52||4||4||29|
|$549,990||1,644||0.25 - 0.5 acre||4||2||63||2||5||22|