$10,000 Closing Credit*
$975,000
5,095 SqFt
5 Beds
•5 Full Baths, 1 Partial
Jean K Garrell, Listing Office: Keller Williams Realty
Is Leesburg, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$750,000
$279/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$60,312(+8.7%)
Key Takeaway
Homes in Leesburg have sold for 8.7% more than they did a year ago.
Summary: The median home sold price in Leesburg was $750,000 in October 2024, up 8.7% from last year, and the median price per square foot was $279.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $277.9K | $300K | +7.9% |
| 2 Bedrooms | $365.7K | $393.5K | +7.6% |
| 3 Bedrooms | $577.6K | $599.2K | +3.7% |
| 4 Bedrooms | $841.8K | $877K | +4.2% |
| 5+ Bedrooms | $1.0M | $1.1M | +13.9% |
Summary: Leesburg housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.9%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 13.9%.
Median Sold Price Compared To Nearby Cities
| Leesburg | $689.6K | $750K | +8.7% |
| Catoctin | $795.8K | $847K | +6.4% |
Housing Supply in Leesburg, VA
How many homes are available in Leesburg, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 257 | 282 | +9.7% |
Summary: The Leesburg real estate market had 282 homes for sale in October 2024, a 9.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 43 | 45 | +4.7% |
| 3 Bedrooms | 73 | 80 | +9.6% |
| 4 Bedrooms | 73 | 84 | +15.1% |
| 5+ Bedrooms | 65 | 68 | +4.6% |
Summary: The Leesburg housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 15.1%, and 5+ bedroom homes increased by 4.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 77 | 89 | +15.6% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
35 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Leesburg, you could pay more than the asking price. 39.3% of homes here sold above asking price last month.
Summary: A total of 89 homes were sold or pending in Leesburg in October 2024, up by 15.6% month-over-month. Of the 89 sold homes, 30% were sold under asking, 30% were sold at asking, and 39% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 18 Days | -17.0% |
Summary: Homes in Leesburg had an average of 18 days on market in Oct 2024, down by 17% compared to last year.
Breakdown of Home Sale Times
75 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Leesburg are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 89 homes were sold in Leesburg; 84% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
