The Long & Foster Market Minute

FOCUS ON: ASHBURN HOUSING MARKET JANUARY 2025

Zip Code(s): 20147 and 20146
Units Sold
42
Active Inventory
63
Median Sale Price
$574,504
Days On Market
39
Up 17%
Vs. Year Ago
Up 17%
Vs. Year Ago
Down -7%
Vs. Year Ago
Down -5%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in January, with 42 sold this month in Ashburn Real Estate. This month's total units sold was higher than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is higher by 9 units or 17%. The total number of active inventory this January was 63 compared to 54 in January 2024. This month's total of 63 is higher than the previous month's total supply of available inventory of 59, an increase of 7%.

Median Sale Price
Last January, the median sale price for Ashburn Homes was $616,778. This January, the median sale price was $574,504, a decrease of 7% or $42,274 compared to last year. The current median sold price is 22% lower than in December.

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


New Listings
64
Current Contracts
53
Sold Vs. List Price
100.2%
Months of Supply
1.5
Down -2%
Vs. Year Ago
Down -12%
Vs. Year Ago
Up 0.7%
Vs. Year Ago
No Change
Vs. Year Ago

Months of Supply
In January, there was 1.5 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 64 homes newly listed for sale in Ashburn compared to 65 in January 2024, a decrease of 2%. There were 53 current contracts pending sale this January compared to 60 a year ago. The number of current contracts is 12% lower than last January.

Sale Price to List Price Ratio
In January, the average sale price in Ashburn was 100.2% of the average list price, which is 0.7% higher than at this time last year.

Days on Market
This month, the average number of days on market was 39, lower than the average last year, which was 41, a decrease of 5%.

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.