HERNDON HOUSING MARKET DATA

There was a decrease in total units sold in May, with 96 sold this month in Herndon Real Estate versus 100 last month, a decrease of 4%. This month's total units sold was higher than at this time last year, an increase of 3% versus May 2024.

Versus last year, the total number of homes available this month is higher by 37 units or 42%. The total number of active inventory this May was 126 compared to 89 in May 2024. This month's total of 126 is lower than the previous month's total supply of available inventory of 152, a decrease of 17%.

Last May, the median sale price for Herndon Homes was $795,000. This May, the median sale price was $706,625, a decrease of 11% or $88,375 compared to last year. The current median sold price is 9% lower than in April.

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

In May, there was 1.3 months of supply available in Herndon, compared to 1.0 in May 2024. That is an increase of 37% 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 94 homes newly listed for sale in Herndon compared to 107 in May 2024, a decrease of 12%. There were 102 current contracts pending sale this May compared to 87 a year ago. The number of current contracts is 17% higher than last May.

In May, the average sale price in Herndon was 101.6% of the average list price, which is 3.5% lower than at this time last year.

This month, the average number of days on market was 14, higher than the average last year, which was 9, an increase of 56%.





FOCUS ON: HERNDON HOUSING MARKET			MAY 2025

Zip Code(s): 20170 and 20171
Units Sold 96	Active Inventory 126	Median Sale Price $706,625	Days On Market 14

Up 3% Vs. Year Ago	Up 42% Vs. Year Ago	Down -11% Vs. Year Ago	Up 56% Vs. Year Ago


		Units Sold There was a decrease in total units sold in May, with 96 sold this month in Herndon Real Estate versus 100 last month, a decrease of 4%. This month's total units sold was higher than at this time last year, an increase of 3% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 37 units or 42%. The total number of active inventory this May was 126 compared to 89 in May 2024. This month's total of 126 is lower than the previous month's total supply of available inventory of 152, a decrease of 17%.
		Median Sale Price Last May, the median sale price for Herndon Homes was $795,000. This May, the median sale price was $706,625, a decrease of 11% or $88,375 compared to last year. The current median sold price is 9% lower than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 94	Current Contracts 102	Sold Vs. List Price 101.6%	Months of Supply 1.3

Down -12% Vs. Year Ago	Up 17% Vs. Year Ago	Down -3.3% Vs. Year Ago	Up 36% Vs. Year Ago


		Months of Supply In May, there was 1.3 months of supply available in Herndon, compared to 1.0 in May 2024. That is an increase of 37% 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 94 homes newly listed for sale in Herndon compared to 107 in May 2024, a decrease of 12%. There were 102 current contracts pending sale this May compared to 87 a year ago. The number of current contracts is 17% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in Herndon was 101.6% of the average list price, which is 3.5% lower than at this time last year. Days on Market This month, the average number of days on market was 14, higher than the average last year, which was 9, an increase of 56%.


	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.