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FOCUS ON: PURCELLVILLE, LOVETTSVILLE, AND WESTERN LOUDOUN COUNTY HOUSING MARKET |
MAY 2025 |
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Zip Code(s): 20180, 20129, 20197, 20132, 20158, 20141 and 20135 |
Units Sold
55 |
Active Inventory
164 |
Median Sale Price
$935,000 |
Days On Market
13 |
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Down -4%
Vs. Year Ago |
Up 64%
Vs. Year Ago |
Up 11%
Vs. Year Ago |
Down -13%
Vs. Year Ago |
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Units Sold
The number of units sold remained stable in May, with 55 sold this month in Purcellville, Lovettsville, and Western Loudoun County Real Estate. This month's total units sold was lower than at this time last year, a decrease of 26% versus May 2024.
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Active Inventory
Versus last year, the total number of homes available this month is higher by 64 units or 64%. The total number of active inventory this May was 164 compared to 100 in May 2024. This month's total of 164 is higher than the previous month's total supply of available inventory of 162, an increase of 1%.
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Median Sale Price
Last May, the median sale price for Purcellville, Lovettsville, and Western Loudoun County Homes was $839,000. This May, the median sale price was $935,000, an increase of 11% or $96,000 compared to last year. The current median sold price is 10% higher than in April.
Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.
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New Listings
86 |
Current Contracts
60 |
Sold Vs. List Price
100.0% |
Months of Supply
3.0 |
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Up 26%
Vs. Year Ago |
Up 3%
Vs. Year Ago |
Down -0.7%
Vs. Year Ago |
Up 70%
Vs. Year Ago |
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Months of Supply
In May, there was 3.0 months of supply available in Purcellville, Lovettsville, and Western Loudoun County, compared to 1.8 in May 2024. That is an increase of 70% 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.
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New Listings & Current Contracts
This month there were 86 homes newly listed for sale in Purcellville, Lovettsville, and Western Loudoun County compared to 68 in May 2024, an increase of 26%. There were 60 current contracts pending sale this May compared to 58 a year ago. The number of current contracts is 3% higher than last May.
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Sale Price to List Price Ratio
In May, the average sale price in Purcellville, Lovettsville, and Western Loudoun County was 100.0% of the average list price, which is 0.7% lower than at this time last year.
Days on Market
This month, the average number of days on market was 13, lower than the average last year, which was 15, a decrease of 13%.
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Purcellville, Lovettsville, and Western Loudoun County are defined as properties listed in zip code/s 20180, 20129, 20197, 20132, 20158, 20141 and 20135. |
*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. |
Information 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. |