Is Paeonian Springs, VA 20129 a buyer’s or seller’s market?
Paeonian Springs is a seller’s market. With about 3.2 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Paeonian Springs housing market right now
In the three months ending August 31, 2026, 0% of homes in Paeonian Springs, VA 20129 sold above their list price, the typical home went under contract in 64 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 3 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (51 days then) and the median sale price held steady to $1,324,427. Overall, Paeonian Springs is less competitive than a year ago, which gives buyers more room.
Within Loudoun County, homes here sell more slowly than in 87% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Upperville 20184 (50% sold over asking) and Sterling 20164 (46% sold over asking) are even more competitive.
Run the numbers for 20129
Nearby markets
Aldie 20105Seller’s market $282 /sq ftAshburn 20147Seller’s market $311 /sq ftAshburn 20148Seller’s market $293 /sq ftChantilly 20152Seller’s market $279 /sq ft Browse all markets →Where Paeonian Springs is
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Questions about Paeonian Springs real estate
Is Paeonian Springs a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Paeonian Springs, VA 20129 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Paeonian Springs?
The typical home went under contract in 64 days in the latest three months.
Do homes in Paeonian Springs sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 98.7% of the list price.
What are property taxes in Paeonian Springs?
About 0.85% of a home’s value a year in Loudoun County, or roughly $3,400 on a $400,000 home.
What is the median home price in Paeonian Springs?
The median sale price was $1,324,427 in the three months ending August 31, 2026, about $246 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology