Inventory, Prices Climb In Loudoun County Real Estate Market

LOUDOUN COUNTY, VA — The prices and supply of homes for sale in Loudoun County continue to grow, according to the September market report from the Dulles Area Association of Realtors.

The organization releases a report each month detailing several market indicators, including the number of sales, the average sale price, and the number of homes listed for sale.

September's statistics show the market is beginning to return to normal, according to the Realtors association.

“While current economic factors like inflation are certainly at the forefront of the conversation, the Loudoun market as a whole is shifting much closer to pre-pandemic levels,” Dulles Area Association of Realtors president Rich Blessing said in a news release. “In addition to steadier price growth and rising inventory levels, Loudoun County homes were on the market for an average of 25 days last month – the longest we’ve seen since February 2020. These are all promising signs for buyers, who have been able to take back a bit of control in their home searches and negotiations."

The average sale price is still on the rise for homes in Loudoun County. The median sale price was $639,995, a 6.7 percent increase from September 2021. Meanwhile, the number of listings grew by 20 percent.

In September, there were 472 home sales in Loudoun County, a 35.7 percent drop over last year's level. Ashburn saw the most precipitous drop, according to the market report.

More detailed information about the market report is available online.