Sat Sep 26 2020
This week the median list price for Sterling, VA is $479,900 with the market action index hovering around 82. This is about the same as last month's market action index of 82. Inventory has held steady at or around 47.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$479,900|
|Per Square Foot||$226|
|Days on Market||21|
|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|
|$749,900||3,849||0.25 - 0.5 acre||4||3||24||3||1||40|
|$549,250||2,312||8,000 - 10,000 sqft||4||3||34||5||3||16|
|$465,000||1,818||6,500 - 8,000 sqft||3||2||45||6||2||16|
|$384,900||1,407||0 - 4,500 sqft||3||2||37||9||3||12|