Is Leesburg, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$730,131
$265/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Leesburg have sold for 18.5% more than they did a year ago.
Summary: The median home sold price in Leesburg was $730,131 in April 2024, up 18.5% from last year, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $276K | $299K | +8.3% |
| 2 Bedrooms | $352.4K | $375K | +6.4% |
| 3 Bedrooms | $540K | $615K | +13.9% |
| 4 Bedrooms | $810K | $867K | +7.0% |
| 5+ Bedrooms | $955.5K | $1.1M | +20.4% |
Summary: Leesburg housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 20.4%.
Median Sold Price Compared To Nearby Cities
| Leesburg | $616K | $730.1K | +18.5% |
| Catoctin | $799.6K | $819.9K | +2.5% |
Housing Supply in Leesburg, VA
How many homes are available in Leesburg, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 230 | 273 | +18.7% |
Summary: The Leesburg real estate market had 273 homes for sale in April 2024, a 18.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 46 | 44 | -4.3% |
| 3 Bedrooms | 58 | 71 | +22.4% |
| 4 Bedrooms | 66 | 80 | +21.2% |
| 5+ Bedrooms | 57 | 74 | +29.8% |
Summary: The Leesburg housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes increased by 22.4%, 4 bedroom homes increased by 21.2%, and 5+ bedroom homes increased by 29.8%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 84 | 86 | +2.4% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
51 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Leesburg, you could pay more than the asking price. 59.3% of homes here sold above asking price last month.
Summary: A total of 86 homes were sold or pending in Leesburg in April 2024, up by 2.4% month-over-month. Of the 86 sold homes, 21% were sold under asking, 20% were sold at asking, and 59% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 23 Days | 17 Days | -25.8% |
Summary: Homes in Leesburg had an average of 17 days on market in Apr 2024, down by 25.8% compared to last year.
Breakdown of Home Sale Times
74 Homes Were Sold
Under 30 Days
8 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 April 2024, 86 homes were sold in Leesburg; 86% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
