$6,530 Closing Credit*
$549,900
1,708 SqFt
3 Beds
•3 Full Baths, 1 Partial
Zahid "Zach" Abbasi, Listing Office: RE/MAX Real Estate Connections
Is Loudoun County, 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, 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
$726,226
$286/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$40,462(+5.9%)
Key Takeaway
Homes in Loudoun County have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in Loudoun County was $726,226 in November 2024, up 5.9% from last year, and the median price per square foot was $286.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $282.5K | $303K | +7.3% |
| 2 Bedrooms | $394.8K | $427.9K | +8.4% |
| 3 Bedrooms | $590K | $628.4K | +6.5% |
| 4 Bedrooms | $824.9K | $865.4K | +4.9% |
| 5+ Bedrooms | $1.0M | $1.1M | +11.6% |
Summary: Loudoun County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.3%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 11.6%.
Median Sold Price Compared To Nearby Counties
| Jefferson County | $364.2K | $411K | +12.8% |
| Prince William County | $516.9K | $560.1K | +8.3% |
| Loudoun County | $685.7K | $726.2K | +5.9% |
| Montgomery County | $580.9K | $606.9K | +4.5% |
| Clarke County | $560K | $513.7K | -8.3% |
Housing Supply in Loudoun County, VA
How many homes are available in Loudoun County, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1,093 | 953 | -12.8% |
Summary: The Loudoun County real estate market had 953 homes for sale in November 2024, a 12.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 18 | 18 | 0.0% |
| 2 Bedrooms | 137 | 118 | -13.9% |
| 3 Bedrooms | 394 | 351 | -10.9% |
| 4 Bedrooms | 340 | 277 | -18.5% |
| 5+ Bedrooms | 204 | 189 | -7.4% |
Summary: The Loudoun County 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 13.9%, 3 bedroom homes decreased by 10.9%, 4 bedroom homes decreased by 18.5%, and 5+ bedroom homes decreased by 7.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 430 | 304 | -29.3% |
Asking Price vs. Sold Price
107 Homes Were Sold
Under Asking
72 Homes Were Sold
At Asking
124 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Loudoun County, you could pay more than the asking price. 40.9% of homes here sold above asking price last month.
Summary: A total of 304 homes were sold or pending in Loudoun County in November 2024, down by 29.3% month-over-month. Of the 303 sold homes, 35% were sold under asking, 24% were sold at asking, and 41% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 21 Days | +3.3% |
Summary: Homes in Loudoun County had an average of 21 days on market in Nov 2024, up by 3.3% compared to last year.
Breakdown of Home Sale Times
234 Homes Were Sold
Under 30 Days
62 Homes Were Sold
In 30 - 90 Days
8 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 November 2024, 304 homes were sold in Loudoun County; 77% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 3% 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