April 2024: Market Indicators Report

Key Market Trends

Sales activity went up in Loudoun County this month. Sales totaled 454 during the month of
April, 5.1% more than a year earlier, an additional 22 sales. The local markets with the most
significant increases in sales activity were Leesburg zip code 20176 (+25.5%) and Ashburn zip
code 20180 (+14.9%). Activity fell in Lovettsville zip code 20180 (-44.4%) and Sterling zip code
20164 (-20.0%).

The number of pending sales increased in Loudoun County. In April, there were 513 pending
sales in the county, 26 more pending sales than a year ago, growing by 5.3%. Pending sales
activity increased in Leesburg zip code 20176 with 22 additional pending sales (+42.3%), followed
by Sterling zip code 20165 with 11 more pending sales than the year prior (+32.4%). In Ashburn
zip code 20148, pending sales activity fell the most this month with 11 fewer pending sales (-
12.9%).

The housing market in Loudoun County has consistently shown an upward price trend for the past 10 months. In April, the County had a median price of $777,825, reflecting an 11.4%
increase or $79,575 from the previous year. Notably, homes sold in Leesburg zip code 20175
(+47.4%), Chantilly zip code 20152 (+35.1%) and Purcellville zip code 20132 (+19.8%) saw prices
grow by double digits compared to the same time a year earlier. However, in Aldie zip code
20105, prices decreased by $75,583, which is an 8.6% reduction in price.

Listings saw a slight dip in Loudoun County. At the end of April, there were 376 active listings
on the market, 1.3% less than the previous year, which is five fewer listings. The number of
listings fell in Leesburg zip code 20175, with 15 fewer listings (-39.5%), followed by Sterling zip
code 20164, with nine fewer listings than last year (-25.0%). Purcellville zip code 20132 had six
more listings this month compared to a year earlier (+22.2%).