February 2021 Market Report

Key Market Trends

Home sales continue to surge in Loudoun County, 7th straight month of market growth.

• The Loudoun County housing market had a strong start to 2021. There were 407 sales in February, a 13% increase from last year, a gain of 53 sales. Most local markets continue to experience sales growth. Sales in Chantilly (zip code 20152) more than tripled from last year (+236.4%). Sales were also strong in Ashburn (zip code 20147), up 57.1% from last year.

Pending sales continue to mount, signaling busy months ahead in Loudoun market.

• There were 468 pending sales in Loudoun County in February, up 15.8% from last year. Most of the additional pending sales were in Chantilly zip code 20152 (+138.1%), Sterling zip code 20164 (+54.5%), and Ashburn zip code 20148 (+33.3%).

February average sales price in the County $73K higher than last year.

• At $639,611, the February average sales price in Loudoun County rose 10.9% from last year. Prices are climbing in most local areas as market activity remains busy. Leesburg (zip code 20176) had the largest median price growth, up $235,000 from last year to $650,000. Prices in Ashburn zip code 20147 were relatively flat this month, inching down $3,000 from a year ago.

Inventory remains tight in Loudoun County; new listings dropped for the first time since last spring.

• There were just 221 active listings in the County at the end of January, down 62.9% from a year ago. New listings declined by 6.3% from January of last year, which is 38 fewer new listings.

We hope that you find this information useful.  If you have any questions, please reach out to us for a personalized price evaluation of your home. Email us at [email protected] or call us at 703-239-7104