Berkshire Hathaway HomeServices logo
Kelly Gaitten Logo

Back To Blog

Overview of the Loudoun County Housing Market

Keeping Up with the Loudoun County Housing Market

The real estate market is always fluctuating and the same applies within Loudoun County as well. Keeping up with the latest trends in the market can provide you with a strong advantage whether you are looking to buy or sell a property in the area.


Units Sold

There was a decrease in total units sold in September, with 721 sold this month in Loudoun County Real Estate versus 815 last month, a decrease of 12%. This month's total units sold was lower than at this time last year, a decrease of 13% versus September 2020.


Active Inventory

Versus last year, the total number of homes available this month is higher by 7 units or 1%. The total number of active inventory this September was 541 compared to 534 in September 2020. This month's total of 541 is lower than the previous month's total supply of available inventory of 566, a decrease of 4%.

 

Median Sale Price

Last September, the median sale price for Loudoun County Homes was $550,000. This September, the median sale price was $600,000, an increase of 9% or $50,000 compared to last year. The current median sold price is 2% lower than in August.

The median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

 

Months of Supply

In September, there were 0.8 months of supply available in Loudoun County, compared to 0.6 in September 2020. That is an increase of 16% versus a year ago.

The Months of Supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

 

New Listings & Current Contracts

This month there were 754 homes newly listed for sale in Loudoun County compared to 809 in September 2020, a decrease of 7%. There were 656 current contracts pending sale this September compared to 747 a year ago. The number of current contracts is 12% lower than last September.


Sale Price to List Price Ratio

In September, the average sale price in Loudoun County was 100.3% of the average list price, which is similar compared to a year ago.

 

Days on Market

This month, the average number of days on market was 16, lower than the average last year, which was 17, a decrease of 6%.

 

Bottom Line

If you’re in the market for a home or looking to sell in Loudoun County, Virginia, don’t lose steam now. Let’s connect so you have a trusted ally and advisor to help keep you motivated so you can find the perfect home for you.

 

Kelly Gaitten headshot

Testimonials