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How Much Home For $500K in LoCo, May 2014

102 5295 How Much Home For $500K in LoCo, May 2014

Since we last wrote about this, the number of homes for sale in Ashburn, Sterling, and Leesburg have doubled while the rest of LoCo has stayed constant. If you are searching in the $500,000 price point, you have 84 of the 1346 total homes currently on the market from which to choose. (As shown in the multiple listing service this morning, excluding new construction.) Let’s take a look…

  • Ashburn: 25 homes. Twenty-one of these are townhomes, including seven in Brambleton. Most townhomes here offer 3 bedrooms, 2 full, 2 half baths, and just over 2500 square feet. Don’t snooze though, the average days on market for the 137 townhomes currently under contract is 18 days. The four single family homes average 4 bedrooms, 3.5 baths, 1872 square feet and are situated on about .2 acres. The most unique home of the four was built in 1900 and will take you back in time to the Victorian era.
  • Leesburg: 22 homes. Just the opposite of Ashburn, only four townhomes here with three in Lansdowne. As you might expect there is a little more bang for your buck, 4 bedrooms, 3.5 baths, and 3010 square feet. You have a little longer to make a decision in Leesburg, the 101 currently under contract lasted 25 days on the market. The eighteen single family homes also offer 4 bedrooms and 3.5 baths, but do so with only 2239 square feet on the upper levels on .21 acres.
  • Sterling: 11 homes. Evenly balanced between townhomes (six) and single family homes (five). The townhomes feature 3 bedrooms, 2 full and 2 half baths while the single family homes have 4 bedrooms, and 3.5 baths. Similar to Leesburg, the townhomes are about 500 square feet larger on the upper levels are 10 years younger.
  • The rest: 26 homes. Three townhomes near South Riding and one in Middleburg, 3 bedrooms and 3 baths with 2800 square feet is the norm. Only eight of the single family homes are less than 10 years old while four are over 100 years old. The most unique home was built using native stone back in 1949.  A 2100 square foot home on 14 acres, it kind of reminds me of homes we saw on our trip to Ireland many moons ago.

Anyone purchasing a home this year should read our post about what to expect when you are buyingFor our market, acting quickly is critical to securing your home of choice. One way to do that is by signing up for instant updates to receive emails with the information on homes in your target area.

Whether you are buying today, next month, next year, or just need to figure out your options, we’re here to help. You can fill out this form to set an appointment. Or, feel free to reach out to us at Team@LoCoMusings.com, or call or text 571-233-5495. Happy house hunting!


Here’s a sampling of what’s available today:

See all What you can get for $600k in LoCo.
(all data current as of 8/31/2014)

  1. 5 beds, 3 full, 1 part baths
    Home size: 3,625 sq ft
    Lot size: 9,583 sqft
    Year built: 1998
    Parking spots: 2
    Days on market: 2
  2. 4 beds, 3 full, 1 part baths
    Home size: 4,078 sq ft
    Lot size: 11,761 sqft
    Year built: 2003
    Parking spots: 2
    Days on market: 3
  3. 4 beds, 3 full, 1 part baths
    Home size: 3,169 sq ft
    Lot size: 10,019 sqft
    Year built: 1999
    Parking spots: 2
    Days on market: 3
  4. 4 beds, 4 full, 1 part baths
    Home size: 3,000 sq ft
    Lot size: 3.10 ac
    Year built: 2014
    Parking spots: 2
    Days on market: 3
  5. 4 beds, 3 full, 1 part baths
    Lot size: 17,424 sqft
    Year built: 1926
    Parking spots: 2
    Days on market: 3

Listing information deemed reliable but not guaranteed. Read full disclaimer.

The multiple listing data appearing on this website, or contained in reports produced therefrom, comes in part from Metropolitan Regional Information Systems ("MRIS"). The information provided is for the viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All real estate listings include detailed information about them that includes the name of the listing brokers and therefore may reference real estate listing(s) held by a brokerage other than the broker and/or agent who owns this web site.

All listing data, including, but not limited to, square footage and lot size is believed to be accurate, but the listing agent, listing broker and respective Multiple Listing Services and their affiliates do not warrant or guarantee such accuracy. Therefore, all data should be personally verified through personal inspection by and/or with the appropriate professionals. Listing data last updated 8/31/14 10:43 PM PDT.

The listing information on this web site is from various brokers who participate in IDX.

Copyright 2014 MRIS. All rights reserved.

This IDX solution is (c) Diverse Solutions 2014.