The data below describes the market conditions in Leesburg, Virginia
- Homes for sale: 571
- Closed sales: 88
- Average sales price: $400,991
- Average days on market: 66
The average sales price of $400,991 is up 15% from the same time last year. Meanwhile the median sales price of $344,000 is up 6.9% from the same period one year ago. The selection of houses available to purchase has been reduced by 26% from one year ago and is up 5% from last month. Interest rates of approximately 5.25% and today’s prices keep the affordability index very high for both first-time and repeat buyers. Buyers are out in force to take advantage of these favorable trends.
Leesburg has a tremendous selection of retail opportunities in the Leesburg Corner Premium Outlets at the intersection of Route 7 and Route 15 in Virginia. White’s Ferry is just north of Leesburg off of Route 15 and connects Loudoun County, Virginia with Montgomery County, MD. Taking the Ferry makes for a low stress way to reduce driving between Maryland and Virginia; especially now with the changing colors of the leaves in the fall.