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 neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Loudoun County was a Seller's Market.

Key Takeaway

Loudoun County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Loudoun County, VA

How much do homes in Loudoun County, VA cost?

Median Sold Price

$689,623

$271/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$22,144(+3.3%)

Key Takeaway

Homes in Loudoun County have sold for 3.3% more than they did a year ago.

Summary: The median home sold price in Loudoun County was $689,623 in March 2024, up 3.3% from last year, and the median price per square foot was $271.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $278K$290K
+4.3%
2 $380.7K$402.1K
+5.6%
3 $565.5K$602.6K
+6.6%
4 $811.4K$831K
+2.4%
5+ $1.0M$1.1M
+6.3%

Summary: Loudoun County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 6.3%.

Median Sold Price Compared To Nearby Counties

Prince William County
+4.7%
Montgomery County
+4.3%
Loudoun County
+3.3%
Jefferson County
+2.5%
Clarke County
-2.0%

Housing Supply in Loudoun County, VA

How many homes are available in Loudoun County, VA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1,6691,800+7.8%

Summary: The Loudoun County real estate market had 1,800 homes for sale in March 2024, a 7.8% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 1921
+10.5%
2 218222
+1.8%
3 522549
+5.2%
4 543588
+8.3%
5+ 367420
+14.4%

Summary: The Loudoun County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10.5%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 14.4%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
254294+15.7%

Asking Price vs. Sold Price

60 Homes Were Sold
Under Asking

68 Homes Were Sold
At Asking

166 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Loudoun County, you could pay more than the asking price. 56.5% of homes here sold above asking price last month.

Summary: A total of 294 homes were sold or pending in Loudoun County in March 2024, up by 15.7% month-over-month. Of the 294 sold homes, 20% were sold under asking, 23% were sold at asking, and 56% 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

Mar 2023Mar 2024CHANGE
21 Days13 Days-40.5%

Summary: Homes in Loudoun County had an average of 13 days on market in Mar 2024, down by 40.5% compared to last year.

Breakdown of Home Sale Times

264 Homes Were Sold
Under 30 Days

21 Homes Were Sold
In 30 - 90 Days

9 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.

Summary: During March 2024, 294 homes were sold in Loudoun County; 90% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.

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

Report Updated 18 Days Ago

Newest Listings in Loudoun County, VA

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