The Long & Foster Market Minute

Focus On: Ashburn Housing Market January 2024

Zip Code(s): 20147 and 20146
Units Sold
33
Active Inventory
44
Median Sale Price
$618,000
Days On Market
27
Down -6%
Vs. Year Ago
Down -12%
Vs. Year Ago
Down -6%
Vs. Year Ago
Down -27%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in January, with 33 sold this month in Ashburn Real Estate versus 46 last month, a decrease of 28%. This month's total units sold was lower than at this time last year, a decrease of 6% versus January 2023.

Active Inventory
Versus last year, the total number of homes available this month is lower by 6 units or 12%. The total number of active inventory this January was 44 compared to 50 in January 2023. This month's total of 44 is lower than the previous month's total supply of available inventory of 51, a decrease of 14%.

Median Sale Price
Last January, the median sale price for Ashburn Homes was $660,000. This January, the median sale price was approximately the same at $618,000. The current median sold price is 6% lower than in January 2023.

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


New Listings
56
Current Contracts
59
Sold Vs. List Price
99.8%
Months of Supply
1.3
Down -5%
Vs. Year Ago
Up 9%
Vs. Year Ago
No Change
Vs. Year Ago
No Change
Vs. Year Ago

Months of Supply
In January, there was 1.3 months of supply available in Ashburn. The amount of supply is similar compared to 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 56 homes newly listed for sale in Ashburn compared to 59 in January 2023, a decrease of 5%. There were 59 current contracts pending sale this January compared to 54 a year ago. The number of current contracts is 9% higher than last January.

Sale Price to List Price Ratio
In January, the average sale price in Ashburn was 99.8% 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 27, lower than the average last year, which was 37, a decrease of 27%.

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.