November 2024: Market Indicators Report

Key Market Trends: November 2024

In Loudoun County, sales continued to outpace last year. In November, there
were 367 home sales across the region, up 17.6% from last year, which is an
additional 55 sales. Sales activity grew notably in Ashburn zip code 20148 with 22
more sales than a year ago (+52.4%) and Leesburg zip code 20176 with 14 more
home sales (+35.0%). Sterling zip code 20164 saw the biggest decrease in sales this
month with seven fewer sales (-18.4%).

For the fourth straight month, pending sales increased in the County. There
were 334 pending sales in November, 74 more pending sales than the year before,
climbing up 28.5%. The local markets with the biggest growth in pending sales were
Sterling zip code 20165 (+108.3%), Leesburg zip code 20176 (+90.9%), Chantilly zip
code 20152 (+60.0%) and Ashburn zip code 20147 (35.0%). Pending sales activity fell in
Aldie zip code 20105 (-26.1%) and Sterling zip code 20164 (-21.9%).

Homes prices grew in Loudoun County this month. Countywide, the median sales
price was $750,000 in November, $32,500 higher than a year earlier, increasing by
4.5%. Prices went up the most in Chantilly zip code 20152 (+24.1%) and Ashburn zip
code 20148 (+13.0%).

Listings went down for the first time after going up continuously for the past six
months. There were 414 active listings countywide at the end of November, 49 fewer
listings than the year before, inching down 10.6%. Sterling zip code 20164
experienced the sharpest decline in listing activity this month with 32 fewer active
listings (-65.3%).