HERNDON HOUSING MARKET DATA

There was an increase in total units sold in April, with 99 sold this month in Herndon Real Estate. This month's total units sold was higher than at this time last year.

Versus last year, the total number of homes available this month is higher by 47 units or 62%. The total number of active inventory this April was 123 compared to 76 in April 2024. This month's supply remained stable as compared to last month.

Last April, the median sale price for Herndon Homes was $751,250. This April, the median sale price was $782,500, an increase of 4% or $31,250 compared to last year. The current median sold price is 8% higher than in March.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In April, there was 1.2 months of supply available in Herndon, compared to 0.9 in April 2024. That is an increase of 41% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 120 homes newly listed for sale in Herndon compared to 108 in April 2024, an increase of 11%. There were 105 current contracts pending sale this April compared to 103 a year ago. The number of current contracts is 2% higher than last April.

In April, the average sale price in Herndon was 101.4% of the average list price, which is 2.6% lower than at this time last year.

This month, the average number of days on market was 10, higher than the average last year, which was 9, an increase of 11%.





FOCUS ON: HERNDON HOUSING MARKET			APRIL 2025

Zip Code(s): 20170 and 20171
Units Sold 99	Active Inventory 123	Median Sale Price $782,500	Days On Market 10

Up 15% Vs. Year Ago	Up 62% Vs. Year Ago	Up 4% Vs. Year Ago	Up 11% Vs. Year Ago


		Units Sold There was an increase in total units sold in April, with 99 sold this month in Herndon Real Estate. This month's total units sold was higher than at this time last year.
Active Inventory Versus last year, the total number of homes available this month is higher by 47 units or 62%. The total number of active inventory this April was 123 compared to 76 in April 2024. This month's supply remained stable as compared to last month.
		Median Sale Price Last April, the median sale price for Herndon Homes was $751,250. This April, the median sale price was $782,500, an increase of 4% or $31,250 compared to last year. The current median sold price is 8% higher than in March. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 120	Current Contracts 105	Sold Vs. List Price 101.4%	Months of Supply 1.2

Up 11% Vs. Year Ago	Up 2% Vs. Year Ago	Down -2.5% Vs. Year Ago	Up 41% Vs. Year Ago


		Months of Supply In April, there was 1.2 months of supply available in Herndon, compared to 0.9 in April 2024. That is an increase of 41% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 120 homes newly listed for sale in Herndon compared to 108 in April 2024, an increase of 11%. There were 105 current contracts pending sale this April compared to 103 a year ago. The number of current contracts is 2% higher than last April.
		Sale Price to List Price Ratio In April, the average sale price in Herndon was 101.4% of the average list price, which is 2.6% lower than at this time last year. Days on Market This month, the average number of days on market was 10, higher than the average last year, which was 9, an increase of 11%.


	Herndon are defined as properties listed in zip code/s 20170 and 20171.
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.