Is Loudoun County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Loudoun County has remained a Seller's Market.
Key Takeaway
Loudoun County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Loudoun County, VA
How much do homes in Loudoun County, VA cost?
Median Sold Price
$702,715
$276/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Loudoun County have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in Loudoun County was $702,715 in May 2024, up 5.3% from last year, and the median price per square foot was $276.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280K | $292.5K | +4.5% |
| 2 Bedrooms | $385K | $413K | +7.3% |
| 3 Bedrooms | $565.5K | $619K | +9.5% |
| 4 Bedrooms | $818.3K | $833.7K | +1.9% |
| 5+ Bedrooms | $1.0M | $1.1M | +9.3% |
Summary: Loudoun County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.5%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 9.3%.
Median Sold Price Compared To Nearby Counties
| Prince William County | $503.6K | $535K | +6.2% |
| Loudoun County | $667.2K | $702.7K | +5.3% |
| Montgomery County | $564.1K | $592.7K | +5.1% |
| Jefferson County | $359.2K | $371.3K | +3.4% |
| Clarke County | $529.2K | $510K | -3.6% |
Housing Supply in Loudoun County, VA
How many homes are available in Loudoun County, VA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1,149 | 1,374 | +19.6% |
Summary: The Loudoun County real estate market had 1,374 homes for sale in May 2024, a 19.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 17 | +13.3% |
| 2 Bedrooms | 135 | 157 | +16.3% |
| 3 Bedrooms | 355 | 458 | +29.0% |
| 4 Bedrooms | 378 | 419 | +10.8% |
| 5+ Bedrooms | 266 | 323 | +21.4% |
Summary: The Loudoun County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13.3%, 2 bedroom homes increased by 16.3%, 3 bedroom homes increased by 29%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 21.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 380 | 295 | -22.4% |
Asking Price vs. Sold Price
51 Homes Were Sold
Under Asking
63 Homes Were Sold
At Asking
181 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Loudoun County, you could pay more than the asking price. 61.4% of homes here sold above asking price last month.
Summary: A total of 295 homes were sold or pending in Loudoun County in May 2024, down by 22.4% month-over-month. Of the 295 sold homes, 17% were sold under asking, 21% were sold at asking, and 61% were sold over asking.
Days on Market for Loudoun County, VA
How long does it take to sell a home in Loudoun County, VA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 12 Days | 9 Days | -19.8% |
Summary: Homes in Loudoun County had an average of 9 days on market in May 2024, down by 19.8% compared to last year.
Breakdown of Home Sale Times
279 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Loudoun County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 295 homes were sold in Loudoun County; 95% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. 
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved