Herndon, VA Foreclosures
How much do homes sell for in Herndon, VA?
The average home price is currently $999,195.
In Herndon, VA, how many homes are available?
There are currently 62 active home listings available in Herndon.
What’s the average rental cost in Herndon, VA?
The average rental price in Herndon is $2,746.
What is the most expensive home in Herndon?
The most expensive home sold in Herndon had a price of $194,183,424.
What is currently the cheapest priced home in Herndon, VA?
The cheapest home for sale in Herndon is priced at $42,544.
Living in Herndon, VA
Herndon, Virginia is a charming suburban town with a rich community spirit, offering great schools, parks, and convenient access to Washington, D.C. Its diverse population and vibrant local economy make it an appealing place to live. Residents can enjoy a variety of recreational activities and amenities while being part of a welcoming neighborhood.
Current Market Conditions in Herndon, VA
The real estate market in Herndon has shown steady growth in recent years, with an increasing number of families and young professionals moving to the area. Homes here are known for being well-maintained, often featuring generous yards and beautiful landscaping, which adds to the overall appeal. The market remains competitive, with properties often receiving multiple offers and selling above asking price, driven by strong demand.
In the past year, Herndon's real estate market has continued to flourish. The prices of single-family homes in the area have increased by approximately 6%, signaling a healthy demand in a community that boasts excellent schools and amenities. While inventory levels remain low, new construction is beginning to emerge in a few neighborhoods, further indicating confidence in the local market.
Home Value Estimator For Herndon, VA
There are currently 25,481 real estate properties
in Herndon, VA,
with a median automated valuation model (AVM) price
of $772,145.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Herndon, VA, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Herndon, VA,
is $999,195.00, with the most expensive house
in Herndon, VA, topping out
at $194,183,424.00 and the cheapest home
in Herndon, VA,
clocking in at $42,544.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Herndon, VA!
Rent Prices
In Herndon, VA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Herndon, VA, is on
a rollercoaster ride. The
average rent price in Herndon, VA,
is $2,746.00. Indeed, when looking to rent in
Herndon, VA, you can expect to pay as little
as $1,120.00 or as much
as $8,240.00,
with the average rent median estimated to
be $2,680.00. The good news is that finding
an affordable and desirable property to rent in Herndon, VA
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
