Key Market Trends
In Loudoun County, the total number of sales was lower than last February. In February, there were 273 sales in the county, 2.8% less than the year before, which is eight fewer sales. Sales fell in Leesburg zip code 20176 with 11 fewer home sales (-25.0%) and Sterling zip code 20164 with nine fewer sales than last year (-25.7%). Sales activity increased in Ashburn zip code 20148 with six additional sales (+16.7%) and Lovettsville zip code 20180 with four more sales than a year ago (+133.3%).
There was a modest uptick in pending sales in Loudoun County. Pending sales activity inched up 0.6% in the county, two more sales than a year ago. The local markets with the biggest gains this month were Purcellville zip code 20132 (+60.0%), Leesburg zip code 20176 (+22.0%) and Ashburn zip code 20148 (+17.0%). The number of pending sales went down in Lovettsville zip code 20180 (-66.7%) and Sterling zip code 20164 (-20.0%).
Home prices continue to remain elevated and rising in Loudoun County. The countywide median sales price grew to $689,000 in the month of February, up 9.4% or $59,000 from the year before. In Aldie zip code 20105, the median sales price increased $130,000 from the previous year (+18.6%) while Sterling zip code 20164 prices rose by $106,250 (+21.3%). Prices dropped in Leesburg zip code 20175 (-16.0%) and Lovettsville zip code 20180 (-10.1%).
Nearly all local markets in the county had more active listings than last February. The county had 356 listings on the market at the end of February, 18.3% higher than last year, an additional 55 listings. The is the largest increase in listings in a year. Listings grew sharply in Leesburg zip code 20176 with 10 additional listings (+22.2%), Purcellville zip code 20132 with seven more listings (+38.9%) and Lovettsville zip code 20180 with six more listings compared to last February (+66.7%).
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.