December 2024: Market Indicators Report

Key Trends: December 2024

Sales increased in Loudoun County in December compared to a year ago. There were 392 sales throughout Loudoun County in December, 29.4% more than the previous year, which is 89 additional home sales. In December, Ashburn zip code 20147 was the local market with the most significant jump in sales (+69.6%), followed by Leesburg zip code 20176 (+36.1%) compared to the previous year. The only local market to experience a drop-in activity was Sterling zip code 20164 (-41.9%) from last December.

Pending sales continued to grow in Loudoun County. In December, there were 249 pending sales in Loudoun County, 19 more pending sales than the year before, increasing by 8.3%. Most local markets saw pending sales go up this month with Ashburn zip code 20148 having the largest influx of pending sales (+30.8%) compared to last year. Pending sales activity dipped in Sterling zip code 20165 (-5.3%) and Aldie zip code 20105 (-6.3%) from a year ago.

The median sales price at the end of the year remains high. In Loudoun County, the median sales price reached $736,267 in December, which is 9.9% increase from the previous year, equating to a $66,267 rise. In Leesburg zip code 20176, the median sales price skyrocketed to $1.1 million, representing a substantial increase of $405,232 from last December, or 58.3%. In contrast, in Sterling zip code 20146, the median sales price was $565,000 in December, which is $10,000 lower than the previous year.

The number of new listings increased, but active listings fell across the region. At the end of December, there were 297 listings in the Loudoun market, down 13.9% or 48 fewer from a year ago. Listing levels decreased in Sterling zip code 20164 with 28 fewer listings (-73.7%) and Leesburg zip code 20175 with 10 fewer listings (-41.7%). Chantilly zip code 20152 experienced an uptick in listings, with four more than last year (+133.3%).