January 2023: Market Indicators Report

Key Market Trends: January 2023

Sales activity continues to slow down in Loudoun County. There were 196 sales in Loudoun County in January, 97 fewer sales than the previous year, a 33.1% drop. The sharpest decrease in sales occurred in Leesburg zip code 20175 with 17 fewer sales than last January (-48.6%). Ashburn zip code 20148 also had 17 fewer sales (-37.0%) and Sterling zip code 20164 had 15 fewer sales than last January (-53.6%).

In Loudoun County, pending sales activity continued to fall. There were 303 pending sales this month, 77 fewer pending sales than last year, a 20.3% decrease. The number of pending sales fell the most in Ashburn zip code 20148 with 24 fewer pending sales than a year ago (-38.7%), Leesburg zip code 20175 (-27.3%) and Sterling zip code 20165 (-32.1%).

Home prices in Loudoun County increased this month. The median price was $658,457, up 11.6% compared to a year earlier, a gain of $68,457. The biggest price jumps this month occurred in Aldie zip code 20105 (+132.7%) and Leesburg zip code 20176 (+32.8%). Sale prices decreased in Leesburg zip code 20175 (-26.8%) and Purcellville zip code 20132 (- 13.1%).

Active listings continued to grow in Loudoun County. At the end of January, there were 324 active listings in the county, 163 more listings than a year ago, a jump of 101.2%. The number of active listings increased in all local markets. Listings grew the most In Leesburg zip code 20176 (+215.4%), Sterling zip code 20164 (+328.6%) and Ashburn zip code 20148 (+55.3%).