Is Loudoun County, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Loudoun County is a seller's market

Buyer's
Market

Difference Since September 2021

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.

How much do homes in Loudoun County, VA cost?

Median Sold Price

$650,171

$254/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$46,004(+7.6%)

Key Takeaway

Homes in Loudoun County have sold for 7.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $230K$255K
+10.9%
2 $347.3K$370.3K
+6.6%
3 $509.9K$553.2K
+8.5%
4 $720.2K$789.7K
+9.6%
5+ $904.2K$1.0M
+11.1%

Median Sold Price Compared To Nearby Counties

Jefferson County
+10.2%
Prince William County
+7.8%
Loudoun County
+7.6%
Clarke County
+6.3%
Montgomery County
+5.8%

How many homes are available in Loudoun County, VA?

Number of Homes For Sale

Aug 2022Sep 2022%
1,5491,523-1.7%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 1410
-28.6%
2 133143
+7.5%
3 587603
+2.7%
4 487480
-1.4%
5+ 328287
-12.5%

Number of Homes Sold

Aug 2022Sep 2022%
494417-15.6%

Asking Price vs. Sold Price

178 Homes Were Sold
Under Asking

121 Homes Were Sold
At Asking

118 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Loudoun County, you may be able to get a good deal. 42.7% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
12 Days24 Days+91.5%

Breakdown of Home Sale Times

298 Homes Were Sold
Under 30 Days

114 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Loudoun County 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 Loudoun County, VA

Homes for sale in Loudoun County, VA have reached 1,523. The number of homes for sale in Loudoun County, VA decreased by 1.7% between August 2022 and September 2022. In September 2022 median list price was $650,171 and the average listing age was 24 days. This housing market listing prices have changed between August 2022 and September 2022: the cost of 1 bedroom properties went up by 10.9%, the cost of 2 bedrooms properties went up by 6.6%, the cost of 3 bedrooms properties went up by 8.5%, the cost of 4 bedrooms properties went up by 9.6%, prices of 5 bedrooms properties went up by 11.1%. Volume of homes for sale changed: 1 bedroom homes inventory decreased by 28.6%, the quantity of 2 bedrooms homes went up by 7.5%, the quantity of 3 bedrooms homes went up by 2.7%, number of 4 bedrooms homes decreased by 1.4%, the quantity of 5 bedrooms homes went down by 12.5%. In September 2022 more than 118 listings in Loudoun County, VA were sold above the asking price. During the same period more than 121 listings were sold at asking price, while more than 178 were sold below.

Related Housing Market Reports