Is Leesburg, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Leesburg is a seller's market

Buyer's
Market

Difference Since November 2021

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.

How much do homes in Leesburg, VA cost?

Median Sold Price

$575,000

$255/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$44,000(+8.3%)

Key Takeaway

Homes in Leesburg have sold for 8.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $230K$264.5K
+15.0%
2 $266.2K$289.9K
+8.9%
3 $465K$522.2K
+12.3%
4 $654K$746K
+14.1%
5+ $806.5K$850K
+5.4%

Median Sold Price Compared To Nearby Cities

Catoctin
+12.5%
Leesburg
+8.3%

How many homes are available in Leesburg, VA?

Number of Homes For Sale

Oct 2022Nov 2022%
168143-14.9%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 11
0.0%
2 1416
+14.3%
3 7361
-16.4%
4 4939
-20.4%
5+ 3126
-16.1%

Number of Homes Sold

Oct 2022Nov 2022%
4438-13.6%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Leesburg, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
13 Days28 Days+105.0%

Breakdown of Home Sale Times

26 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Leesburg are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Leesburg, VA

Number of homes for sale in Leesburg, VA real estate market have reached 143. The number of homes for sale in Leesburg, VA decreased by 14.9% between October 2022 and November 2022. Listings spent 28 days on the market in November 2022, and had a median list price of $575,000 during the same period. Real estate listing prices changed between October 2022 and November 2022: prices of 1 bedroom properties increased by 15%, 2 bedrooms properties became 8.9% more expensive, 3 bedrooms properties became 12.3% more expensive, prices of 4 bedrooms properties increased by 14.1%, prices of 5 bedrooms properties increased by 5.4%. This housing market inventory have changed: volume of 1 bedroom homes stayed the same, volume of 2 bedrooms homes went up by 14.3%, 3 bedrooms homes inventory decreased by 16.4%, 4 bedrooms homes became 20.4% less available, 5 bedrooms homes inventory decreased by 16.1%. While more than 8 listings in Leesburg, VA in November 2022 were sold above asking price, there were more than 12 listings sold at asking price, and more than 18 were sold below.

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