$3,503 Closing Credit*
$295,000
810 SqFt
1 Bed
•1 Full Bath
Tony O Yeh, Listing Office: United Realty, Inc.
Is Herndon, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Herndon has remained a Seller's Market.
Key Takeaway
Herndon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Herndon, VA
How much do homes in Herndon, VA cost?
Median Sold Price
$721,233
$327/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$54,383(+8.2%)
Key Takeaway
Homes in Herndon have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in Herndon was $721,233 in November 2024, up 8.2% from last year, and the median price per square foot was $327.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $272.9K | $290K | +6.2% |
| 2 Bedrooms | $358K | $376.5K | +5.2% |
| 3 Bedrooms | $565K | $625K | +10.6% |
| 4 Bedrooms | $775K | $842.1K | +8.7% |
| 5+ Bedrooms | $880K | $1.0M | +19.7% |
Summary: Herndon housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.2%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 19.7%.
Median Sold Price Compared To Nearby Cities
| Herndon | $666.8K | $721.2K | +8.2% |
| Dranesville | $1.2M | $1.3M | +8.1% |
| Hunter Mill | $676.8K | $730.6K | +8.0% |
| Sterling | $575.1K | $620.1K | +7.8% |
| Dulles | $761K | $795.9K | +4.6% |
Housing Supply in Herndon, VA
How many homes are available in Herndon, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 161 | 135 | -16.1% |
Summary: The Herndon real estate market had 135 homes for sale in November 2024, a 16.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 4 | -42.9% |
| 2 Bedrooms | 25 | 22 | -12.0% |
| 3 Bedrooms | 39 | 38 | -2.6% |
| 4 Bedrooms | 59 | 49 | -16.9% |
| 5+ Bedrooms | 31 | 22 | -29.0% |
Summary: The Herndon housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 42.9%, 2 bedroom homes decreased by 12%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes decreased by 16.9%, and 5+ bedroom homes decreased by 29%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 67 | 54 | -19.4% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Herndon, you could pay more than the asking price. 48.1% of homes here sold above asking price last month.
Summary: A total of 54 homes were sold or pending in Herndon in November 2024, down by 19.4% month-over-month. Of the 54 sold homes, 33% were sold under asking, 19% were sold at asking, and 48% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 12 Days | 17 Days | +43.6% |
Summary: Homes in Herndon had an average of 17 days on market in Nov 2024, up by 43.6% compared to last year.
Breakdown of Home Sale Times
44 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Herndon are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 54 homes were sold in Herndon; 81% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
