Is Loudoun County, 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, 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.
Housing Prices in Loudoun County, VA
How much do homes in Loudoun County, VA cost?
Median Sold Price
$711,948
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Loudoun County have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in Loudoun County was $711,948 in June 2024, up 6.6% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280K | $300K | +7.1% |
| 2 Bedrooms | $386.1K | $415K | +7.5% |
| 3 Bedrooms | $567.7K | $621.3K | +9.4% |
| 4 Bedrooms | $814.7K | $843.2K | +3.5% |
| 5+ Bedrooms | $1.0M | $1.1M | +11.8% |
Summary: Loudoun County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 11.8%.
Median Sold Price Compared To Nearby Counties
| Prince William County | $507.7K | $542.7K | +6.9% |
| Loudoun County | $667.8K | $711.9K | +6.6% |
| Montgomery County | $568.8K | $596.4K | +4.9% |
| Jefferson County | $360K | $376K | +4.5% |
| Clarke County | $557.5K | $503.7K | -9.6% |
Housing Supply in Loudoun County, VA
How many homes are available in Loudoun County, VA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 1,282 | 1,386 | +8.1% |
Summary: The Loudoun County real estate market had 1,386 homes for sale in June 2024, a 8.1% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 16 | 14 | -12.5% |
| 2 Bedrooms | 144 | 158 | +9.7% |
| 3 Bedrooms | 429 | 473 | +10.3% |
| 4 Bedrooms | 406 | 432 | +6.4% |
| 5+ Bedrooms | 287 | 309 | +7.7% |
Summary: The Loudoun County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 458 | 432 | -5.7% |
Asking Price vs. Sold Price
95 Homes Were Sold
Under Asking
109 Homes Were Sold
At Asking
228 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Loudoun County, you could pay more than the asking price. 52.8% of homes here sold above asking price last month.
Summary: A total of 432 homes were sold or pending in Loudoun County in June 2024, down by 5.7% month-over-month. Of the 432 sold homes, 22% were sold under asking, 25% were sold at asking, and 53% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 14 Days | 12 Days | -15.3% |
Summary: Homes in Loudoun County had an average of 12 days on market in Jun 2024, down by 15.3% compared to last year.
Breakdown of Home Sale Times
394 Homes Were Sold
Under 30 Days
31 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Loudoun County are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 432 homes were sold in Loudoun County; 91% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved