Is Herndon, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Herndon has remained a Seller's Market.
Housing Prices in Herndon, VA
How much do homes in Herndon, VA cost?
Median Sold Price
$675,000
$313/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Herndon was $675,000 in April 2024, up 8.8% from last year, and the median price per square foot was $313.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $258.5K | $279K | +7.9% |
2 Bedrooms | $320K | $379K | +18.4% |
3 Bedrooms | $550.9K | $590K | +7.1% |
4 Bedrooms | $749.9K | $790K | +5.3% |
5+ Bedrooms | $842.5K | $923.5K | +9.6% |
Summary: Herndon housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.9%, 2 bedroom homes increased by 18.4%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 9.6%.
Median Sold Price Compared To Nearby Cities
Sterling | $530K | $595.2K | +12.3% |
Dranesville | $1.1M | $1.2M | +9.8% |
Herndon | $620.1K | $675K | +8.8% |
Hunter Mill | $657.6K | $702.7K | +6.9% |
Dulles | $739K | $771.6K | +4.4% |
Housing Supply in Herndon, VA
How many homes are available in Herndon, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
134 | 192 | +43.3% |
Summary: The Herndon real estate market had 192 homes for sale in April 2024, a 43.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 5 | +150.0% |
2 Bedrooms | 27 | 28 | +3.7% |
3 Bedrooms | 39 | 56 | +43.6% |
4 Bedrooms | 44 | 70 | +59.1% |
5+ Bedrooms | 22 | 33 | +50.0% |
Summary: The Herndon housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 43.6%, 4 bedroom homes increased by 59.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
54 | 63 | +16.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
45 Homes Were Sold
Over Asking
Summary: A total of 63 homes were sold or pending in Herndon in April 2024, up by 16.7% month-over-month. Of the 63 sold homes, 16% were sold under asking, 13% were sold at asking, and 71% were sold over asking.
Days on Market for Herndon, VA
How long does it take to sell a home in Herndon, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
12 Days | 7 Days | -45.6% |
Summary: Homes in Herndon had an average of 7 days on market in Apr 2024, down by 45.6% compared to last year.
Breakdown of Home Sale Times
60 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 63 homes were sold in Herndon; 95% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.