January 2023: Market Indicators Report
Click here for the full January 2023 Loudoun County Market Indicators Report for the Dulles Area Association of REALTORS® by Virginia REALTORS®.
Key Market Trends
Sales activity continues to slow down in Loudoun County.
There were 196 sales in Loudoun County in January, 97 fewer sales than the previous year, a 33.1% drop. The sharpest decrease in sales occurred in Leesburg zip code 20175 with 17 fewer sales than last January (-48.6%). Ashburn zip code 20148 also had 17 fewer sales (-37.0%) and Sterling zip code 20164 had 15 fewer sales than last January (-53.6%).
In Loudoun County, pending sales activity continued to fall.
There were 303 pending sales this month, 77 fewer pending sales than last year, a 20.3% decrease. The number of pending sales fell the most in Ashburn zip code 20148 with 24 fewer pending sales than a year ago (-38.7%), Leesburg zip code 20175 (-27.3%) and Sterling zip code 20165 (-32.1%).
Home prices in Loudoun County increased in January.
The median price was $658,457, up 11.6% compared to a year earlier, a gain of $68,457. The biggest price jumps this month occurred in Aldie zip code 20105 (+132.7%) and Leesburg zip code 20176 (+32.8%). Sale prices decreased in Leesburg zip code 20175 (-26.8%) and Purcellville zip code 20132 (-13.1%).
Active listings continued to grow in Loudoun County.
At the end of January, there were 324 active listings in the county, 163 more listings than a year ago, a jump of 101.2%. The number of active listings increased in all local markets. Listings grew the most In Leesburg zip code 20176 (+215.4%), Sterling zip code 20164 (+328.6%) and Ashburn zip code 20148 (+55.3%).
Data Note: The housing market data for all jurisdictions in Virginia was re-benchmarked in November 2021. Please note that Market Indicator Reports released prior to November 2021 were produced using the prior data vintage and may not tie to reports that use the current data set for some metrics. We recommend using the current reports for historical comparative analysis.