Is Loudoun County, 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, 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
$697,739
$275/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Loudoun County have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Loudoun County was $697,739 in April 2024, up 4.8% from last year, and the median price per square foot was $275.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $276K | $290K | +5.1% |
| 2 Bedrooms | $381.5K | $410.2K | +7.5% |
| 3 Bedrooms | $563.3K | $613.2K | +8.8% |
| 4 Bedrooms | $810.2K | $834.3K | +3.0% |
| 5+ Bedrooms | $1.0M | $1.1M | +8.0% |
Summary: Loudoun County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.1%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 8%.
Median Sold Price Compared To Nearby Counties
| Prince William County | $500K | $530.1K | +6.0% |
| Loudoun County | $665.7K | $697.7K | +4.8% |
| Montgomery County | $562.2K | $588.6K | +4.7% |
| Jefferson County | $355K | $370K | +4.2% |
| Clarke County | $529.9K | $503K | -5.1% |
Housing Supply in Loudoun County, VA
How many homes are available in Loudoun County, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 914 | 1,188 | +30.0% |
Summary: The Loudoun County real estate market had 1,188 homes for sale in April 2024, a 30.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 15 | 0.0% |
| 2 Bedrooms | 129 | 138 | +7.0% |
| 3 Bedrooms | 277 | 367 | +32.5% |
| 4 Bedrooms | 299 | 387 | +29.4% |
| 5+ Bedrooms | 194 | 281 | +44.8% |
Summary: The Loudoun County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 32.5%, 4 bedroom homes increased by 29.4%, and 5+ bedroom homes increased by 44.8%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 337 | 371 | +10.1% |
Asking Price vs. Sold Price
73 Homes Were Sold
Under Asking
76 Homes Were Sold
At Asking
222 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Loudoun County, you could pay more than the asking price. 59.8% of homes here sold above asking price last month.
Summary: A total of 371 homes were sold or pending in Loudoun County in April 2024, up by 10.1% month-over-month. Of the 371 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 15 Days | 14 Days | -8.9% |
Summary: Homes in Loudoun County had an average of 14 days on market in Apr 2024, down by 8.9% compared to last year.
Breakdown of Home Sale Times
330 Homes Were Sold
Under 30 Days
29 Homes Were Sold
In 30 - 90 Days
12 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 April 2024, 371 homes were sold in Loudoun County; 89% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user.