$3,622 Closing Credit*
$305,000
948 SqFt
2 Beds
•1 Full Bath
CHRISTINA L JACOBS, Listing Office: Pearson Smith Realty, LLC
Is Leesburg, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Leesburg has remained a Seller's Market.
Key Takeaway
Leesburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Leesburg, VA
How much do homes in Leesburg, VA cost?
Median Sold Price
$749,428
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$35,161(+4.9%)
Key Takeaway
Homes in Leesburg have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in Leesburg was $749,428 in November 2024, up 4.9% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $279.9K | $299K | +6.8% |
| 2 Bedrooms | $367K | $397K | +8.2% |
| 3 Bedrooms | $589.5K | $595K | +0.9% |
| 4 Bedrooms | $851K | $876K | +2.9% |
| 5+ Bedrooms | $1.0M | $1.1M | +9.4% |
Summary: Leesburg housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.8%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 9.4%.
Median Sold Price Compared To Nearby Cities
| Catoctin | $801K | $843.1K | +5.3% |
| Leesburg | $714.2K | $749.4K | +4.9% |
Housing Supply in Leesburg, VA
How many homes are available in Leesburg, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 256 | 237 | -7.4% |
Summary: The Leesburg real estate market had 237 homes for sale in November 2024, a 7.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 40 | 36 | -10.0% |
| 3 Bedrooms | 70 | 61 | -12.9% |
| 4 Bedrooms | 76 | 72 | -5.3% |
| 5+ Bedrooms | 65 | 63 | -3.1% |
Summary: The Leesburg housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 12.9%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 3.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 92 | 83 | -9.8% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Leesburg, you may be able to get a good deal. 37.3% of homes here sold below asking price last month.
Summary: A total of 83 homes were sold or pending in Leesburg in November 2024, down by 9.8% month-over-month. Of the 83 sold homes, 37% were sold under asking, 29% were sold at asking, and 34% were sold over asking.
Days on Market for Leesburg, VA
How long does it take to sell a home in Leesburg, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 21 Days | -15.2% |
Summary: Homes in Leesburg had an average of 21 days on market in Nov 2024, down by 15.2% compared to last year.
Breakdown of Home Sale Times
65 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Leesburg are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 83 homes were sold in Leesburg; 78% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.
