Is Ashburn, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Ashburn has remained a Seller's Market.
Key Takeaway
Ashburn is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ashburn, VA
How much do homes in Ashburn, VA cost?
Median Sold Price
$656,000
$292/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Ashburn have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Ashburn was $656,000 in March 2024, up 5.7% from last year, and the median price per square foot was $292.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $357.5K | $289.7K | -19.0% |
| 2 Bedrooms | $435K | $453K | +4.1% |
| 3 Bedrooms | $590K | $625K | +5.9% |
| 4 Bedrooms | $855K | $850K | -0.6% |
| 5+ Bedrooms | $959.9K | $950K | -1.0% |
Summary: Ashburn housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19%, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes decreased by 1%.
Housing Supply in Ashburn, VA
How many homes are available in Ashburn, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 181 | 189 | +4.4% |
Summary: The Ashburn real estate market had 189 homes for sale in March 2024, a 4.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 43 | 49 | +14.0% |
| 3 Bedrooms | 62 | 62 | 0.0% |
| 4 Bedrooms | 57 | 56 | -1.8% |
| 5+ Bedrooms | 18 | 21 | +16.7% |
Summary: The Ashburn housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 34 | 37 | +8.8% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ashburn, you could pay more than the asking price. 54.1% of homes here sold above asking price last month.
Summary: A total of 37 homes were sold or pending in Ashburn in March 2024, up by 8.8% month-over-month. Of the 37 sold homes, 27% were sold under asking, 19% were sold at asking, and 54% were sold over asking.
Days on Market for Ashburn, VA
How long does it take to sell a home in Ashburn, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 12 Days | 11 Days | -3.8% |
Summary: Homes in Ashburn had an average of 11 days on market in Mar 2024, down by 3.8% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Ashburn are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 37 homes were sold in Ashburn; 92% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
