Single-Family Homes
Fri Apr 26 2024
This week the median list price for Lignum, VA is $494,500 with the market action index hovering around 10. This is less than last month's market action index of 13. Inventory has increased to 2.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Buyer's Market
Median List Price | $494,500 | |
Median Price of New Listings | $0 | |
Per Square Foot | $244 | |
Average Days on Market | 21 | |
Median Days on Market | 21 | |
Price Decreased | 0% | |
Price Increased | 0% | |
Relisted | 50% | |
Inventory | 2 | |
Median Rent | ||
Market Action | 10 | |
Strong Buyer's Market |
Again this week we see a downward notch for prices. Prices continue to pull back from the market’s highs. The Market Action Index is a good leading indicator for the durability of this trend.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
$750,000 | 3,312 | 10 - 20 acres | 3 | 1.5 | 124 | 0 | 0 | 35 |
$239,000 | 910 | 1 - 2.5 acres | 2 | 1 | 94 | 0 | 0 | 7 |