HERNDON, VA - MARKET TRENDS
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Welcome to our “Herndon” market Statistics page. We hope you find these graphs and charts informative as you look for pricing and marketing trends in Herndon, Virginia. If you are comparing other neighborhoods or need additional/different information, please feel free to live chat with us or call us anytime. We live, work and sell here. We know the area well and can provide you with additional information.
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If you are a seller – this information will give you some basic and average information for pricing and market trends. But as with any property, finishes, condition, market demand will also play a key role. We also believe in properly staging your property will make a big difference when selling your property.
If you are a buyer – these charts will provide you with good guideline on pricing trends. You will find lots of details with additional information links as ell. We love helping our Future Neighbors so give us a call or chat with us
Also take a look at our Market Trend Videos and get educated along the process. If you are looking to buy in Herndon – we have great resources, different lender programs you may not be aware of, grants & assistance programs, vendor & service providers as well as checklists, videos, guides and money saving tips! Please leave a feedback if you enjoy our information or if we can provide you with additional information!
What is Selling in Herndon
Sales Trends and What They Mean...
Average Sold Price – The average gross price for homes that closed during that period.
From this chart you can see how many transactions or sales happened per month.
Pricing Trends - Avg Sold Price by Home Type
What is Average Sales Price?
The Average Sales Price is the sum of the total sales dollar volume divided by the total number of units sold.
If you would like to see the ACTUAL Avg Sales Prices - download our report to get a more accurate understanding
Avg Price/Sqft by Home Type
What does Price/sqft mean?
This is not really a good chart for single family homes but some of our clients like to see this data so we decided to include it. We use this mostly as a starting point for condos.
When looking to buy a condo a lot of people will look at Average Price per square foot to get an idea of average price per sqft for a condo unit. Keep in mind that each condo may have different updates, upgrades finishes, or other benefits like extra garage spaces, storage unit, different layouts etc.
Keep in mind these are just numbers and they only show 1 side of the data! There is a lot more that goes into analysis than just numbers but it is a starting area!
Avg SOLD price vs Original Listing Price Ratio
What does this Ratio Mean?
Original List Price - Original list price is the initial price the listing was put on the market at. While a price can be reduced over the time a property is for sale, the original list price is used in this calculation to compare to the Final SOLD price - which is the final price - and does Not include subsidy!
At 100% - Sellers got the price they listed the home for. Anything below that shows that they didn't get the originally listed price. So if you see 90% for a 500K originally listed price - it means the Sellers got 90% of $500K or $450K.
Avg "Days on Market" in Herndon
What does Days on Market mean?
Days on Market: Calculation based upon the number of days a property is listed before receiving a contract. It is calculated based upon the property and accumulates between listings. It is the total number of days from the date when a property first comes on the market (list date) to the time is taken off the market due to a sale (contract date) or off market condition (off market date).
Basically how long did it take to sell!
Months of Supply for Herndon
What does Months of Supply Mean & why should I care?
Months of Supply (also known as "Months Supply of Inventory") tells you how many months it would take for all the current homes for sale on the market to sell, given the sales rate for that market.
4 to 6 Months is generally considered a balanced market; less than 4 months a sellers' market as there are more buyers than homes available; more than 6 months can be considered a buyers' market as there are more homes for sale than buyers to purchase them.
Other Stats Are Also Available
We have other stats we can provide you on this neighborhood or others. Here are the details of information we can provide Here is the complete list of stats available
Supply and Demand
Months of Supply
Absorption Rate (New Pendings)
Absorption Rate (Closed Sales)
New Pending to New Listing Ratio
Seller Success Rate
Number of Sales
Number of New Pendings
Number of All Pendings (end-of-period)
Number of New Listings
Number of Active Listings (end-of-period)
Median Sale Price
Average Sale Price
Median List Price for Sales
Average List Price for Sales
Median List Price New Pendings
Average List Price for New Pendings
Median List Price for New Listings
Average List Price for New Listings
Median List Price for Active Listings (end-of-period)
Average List Price for Active Listings (end-of-period)
$ per Square Foot
Median Sold $/sqft
Median List $/sqft (Sales)
Median List $/sqft (New Pendings)
Median List $/sqft (All Pendings)
Median List $/sqft (New Listings)
Median List $/sqft (Active Listings)
Average Sold $/sqft
Average List $/sqft (Sales)
Avg List $/sqft (New Pendings)
Avg List $/sqft (All Pendings)
Avg List $/sqft (New Listings)
Avg List $/sqft (Active Listings)
Median Sales Price to Original List Price Ratio
Average Sales Price to Original List Price Ratio
Median Sales Price to List Price Ratio
Average Sales Price to List Price Ratio
Days on Market
Median Days on Market
Median Contract to Settle
Median Days to Settle
Average Days on Market
Average Contract to Settle
Average Days to Settle
Are you looking to Buy, Sell or Invest in Herndon?
If you are looking to Buy, Sell or Invest in Herndon, you are in the right place. Check out our offers and contact us to see how we can help you save when buying, selling or investing in Herndon, VA.
If you are ready for the condo lifestyle, give us a call. We provide expert guidance and information to help you find the best fit for your needs and desires. We know how to value condos and potential updates & upgrades. We will educate you on your Investment so you will know what to expect.
You will see our Condo Checklist, Condo guide & Training videos that will educate you through the Condo buying process every step o
f the way, while we negotiate the best deal for you!
If you are looking to sell your condo, check out how we Pre-Market to create & gauge demand. How our Marketing Checklist and Walk-through, Staging Consultation can help you Maximize your investment While our Leading Edge Marketing, complete with 3D, 360 Videos, Property Page, Direct Mail, Social Media Reach as well as featured listing status on Zillow, Realtor and other sites to ensure you get the BEST Exposure, and Best Pricing Possible. All with our Guarantee!
If you are looking to invest, you are looking for specific data and trends. We have special reports we generate for the Investors who are looking to work with us.
Our Analysis, complete with market trends, estimated value increases and more, can help you make better decisions on what type of properties to invest in and how must return you can expect as well as estimated vacancy rates and more. Ask us about our Investor Program and our special Investor Reports.
We Match or Beat any commission structure. If this is the case, please provide us with the details of the offers & services so we can match.
When working with experts there are savings that are tangible and intangible. We are Proud to be able to offer the $5,000 Savings or $500 Back on closing costs Guarantee! (** Your lender must approve)
We also provide "Loyalty Program" where you can receive additional $$$ - Ask us about it to save Even MORE...