The Long & Foster Market Minute

FOCUS ON: ASHBURN HOUSING MARKET FEBRUARY 2025

Zip Code(s): 20147 and 20146
Units Sold
44
Active Inventory
82
Median Sale Price
$783,750
Days On Market
13
Down -2%
Vs. Year Ago
Up 5%
Vs. Year Ago
Up 19%
Vs. Year Ago
Down -43%
Vs. Year Ago

Units Sold
There was an increase in total units sold in February, with 44 sold this month in Ashburn Real Estate versus 43 last month, an increase of 2%. This month's total units sold was lower than at this time last year, a decrease of 2% versus February 2024.

Active Inventory
Versus last year, the total number of homes available this month is higher by 4 units or 5%. The total number of active inventory this February was 82 compared to 78 in February 2024. This month's total of 82 is higher than the previous month's total supply of available inventory of 76, an increase of 8%.

Median Sale Price
Last February, the median sale price for Ashburn Homes was $658,000. This February, the median sale price was $783,750, an increase of $125,750 compared to last year. The current median sold price is higher than in January.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
79
Current Contracts
62
Sold Vs. List Price
101.8%
Months of Supply
1.9
Up 8%
Vs. Year Ago
Up 38%
Vs. Year Ago
No Change
Vs. Year Ago
Up 8%
Vs. Year Ago

Months of Supply
In February, there was 1.9 months of supply available in Ashburn, compared to 1.7 in February 2024. That is an increase of 8% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

New Listings & Current Contracts
This month there were 79 homes newly listed for sale in Ashburn compared to 73 in February 2024, an increase of 8%. There were 62 current contracts pending sale this February compared to 45 a year ago. The number of current contracts is 38% higher than last February.

Sale Price to List Price Ratio
In February, the average sale price in Ashburn was 101.8% of the average list price, which is similar compared to a year ago.

Days on Market
This month, the average number of days on market was 13, lower than the average last year, which was 23, a decrease of 43%.

The Long & Foster Market Minute Ashburn are defined as properties listed in zip code/s 20147 and 20146.
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.