Is Leesburg, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$735,541
$270/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Leesburg have sold for 12.3% more than they did a year ago.
Summary: The median home sold price in Leesburg was $735,541 in June 2024, up 12.3% from last year, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $279.9K | $294.5K | +5.2% |
| 2 Bedrooms | $354K | $380K | +7.3% |
| 3 Bedrooms | $550K | $611K | +11.1% |
| 4 Bedrooms | $831.5K | $850K | +2.2% |
| 5+ Bedrooms | $1.0M | $1.1M | +15.9% |
Summary: Leesburg housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.2%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 15.9%.
Median Sold Price Compared To Nearby Cities
| Leesburg | $654.9K | $735.5K | +12.3% |
| Catoctin | $799.4K | $819.7K | +2.5% |
Housing Supply in Leesburg, VA
How many homes are available in Leesburg, VA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 313 | 323 | +3.2% |
Summary: The Leesburg real estate market had 323 homes for sale in June 2024, a 3.2% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 47 | 49 | +4.3% |
| 3 Bedrooms | 81 | 81 | 0.0% |
| 4 Bedrooms | 94 | 98 | +4.3% |
| 5+ Bedrooms | 85 | 89 | +4.7% |
Summary: The Leesburg housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 4.7%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 94 | 102 | +8.5% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
30 Homes Were Sold
At Asking
49 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Leesburg, you could pay more than the asking price. 48% of homes here sold above asking price last month.
Summary: A total of 102 homes were sold or pending in Leesburg in June 2024, up by 8.5% month-over-month. Of the 102 sold homes, 23% were sold under asking, 29% were sold at asking, and 48% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 15 Days | 15 Days | +4.3% |
Summary: Homes in Leesburg had an average of 15 days on market in Jun 2024, up by 4.3% compared to last year.
Breakdown of Home Sale Times
88 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
4 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 June 2024, 102 homes were sold in Leesburg; 86% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
