Is Herndon, VA 20170 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Herndon is a seller’s market. With about 1.8 months of supply and 42% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Competition score77/ 100

More competitive than 82% of U.S. ZIP codes, and #51 of 358 in the state.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown

Months of supply1.8Under 4 months = seller’s market
Sold above original list41.7%Share of sales, last 3 months
Median sale-to-list100.2%Sold price ÷ list price
Median days on market34Listing to accepted offer
Median price per sq ft$326▲ +1.7% vs. last year

The Herndon housing market right now

In the three months ending August 31, 2026, 42% of homes in Herndon, VA 20170 sold above their list price, the typical home went under contract in 34 days and there were 1.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 118 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 30%, homes sold about as fast and the median sale price held steady to $699,697. Overall, Herndon is more competitive than a year ago, so tougher for buyers.

Within Fairfax County, homes here sell faster than in 54% of the county’s ZIP codes, and sell more often over asking than in 73%. On our competition score, Herndon ranks #51 of 358 VA ZIP codes with enough sales (score 77 out of 100).

Nearby, buyers who want less competition could look at Falls Church 22041 (16% sold over asking) or Mc Lean 22102 (18% sold over asking), while Dunn Loring 22027 (75% sold over asking) and Springfield 22153 (54% sold over asking) are even more competitive.

Nearby markets

Alexandria 22303Seller’s market $386 /sq ftAlexandria 22306Seller’s market $343 /sq ftAlexandria 22307Seller’s market $425 /sq ftAlexandria 22308Seller’s market $420 /sq ft Browse all markets →

Where Herndon is

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Questions about Herndon real estate

Is Herndon a buyer’s or seller’s market?

A seller’s market: there were 1.8 months of supply in Herndon, VA 20170 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Herndon?

The typical home went under contract in 34 days in the latest three months.

Do homes in Herndon sell over asking?

42% of homes sold above their original list price, and the typical sale closed at 100.2% of the list price.

What are property taxes in Herndon?

About 1.01% of a home’s value a year in Fairfax County, or roughly $4,040 on a $400,000 home.

What is the median home price in Herndon?

The median sale price was $699,697 in the three months ending August 31, 2026, about $326 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology