Real Estate
[Cash Buyers] Top 10 Neighborhoods in Herndon
See the latest rankings of the Herndon neighborhoods with the most cash buyers in the past year. Is your neighborhood on the list?
What do cash buyers mean for your neighborhood? Neighborhoods with a high percentage of cash buyers can mean that investors are fixing and flipping homes, which can increase home values overall. In condo communities, a high percentage of cash buyers may mean these are good buy and hold investment properties, where the rent versus purchase price is attractive to investors. In the past year, 948 properties have sold in Herndon ranging from a 2-bed, 1-bath townhouse for $154,000 to a 6-bed, 5.5-bath detached for $1,506,880. Approximately 8% of these homes were purchased with cash. The median sold price was $504,000.
Top 10 Herndon Neighborhoods for Cash Buyers
In the past 12 months, a total of 75 homes sold in Herndon for cash with a median sold price of $329K. These were the most popular Herndon neighborhoods for cash buyers.
| Neighborhood | Type | Cash Sales | % Cash | Sold (Med) |
| Bryson At Woodland Park | Condo | 15 | 44% | $300,000 |
| Worldgate | Condo | 10 | 30% | $235,000 |
| Fortnightly Square | Condo | 4 | 29% | $297,000 |
| Reflection Lake | Townhouse | 3 | 8% | $271,500 |
| Fox Mill Estates | Detached | 2 | 7% | $465,750 |
| Treeside | Detached | 2 | 15% | $407,500 |
| Forest Ridge | Detached | 2 | 50% | $365,000 |
| Westfield | Detached | 2 | 25% | $408,750 |
| Courts Of Chandon | Detached | 2 | 20% | $373,500 |
| Town Of Herndon | Detached | 1 | 50% | $3,040,000 |
Herndon Cash Sales by Property Type
In the past 12 months, a total of 27 detached homes, 19 townhomes, and 27 condos sold in Herndon for cash. This was the breakdown by property type and bedrooms.
Find out what's happening in Herndonfor free with the latest updates from Patch.
| Type | 1 BR | 2 BR | 3 BR | 4+ BR | Sold (Med) |
| Detached | 0 | 0 | 7 | 20 | $465,000 |
| Townhouse | 0 | 4 | 12 | 3 | $312,500 |
| Condo | 5 | 20 | 2 | 0 | $265,000 |
| Sold (MED) | $195,000 | $269,900 | $369,900 | $480,000 | $329,000 |
Peggy Yee is a supervising broker at Frankly Realtors and is one of Northern Virginia Magazine's Top Realtors in 2015-2019. She has been quoted in the Around Reston Magazine, Washington Post, Money Magazine, Consumer Reports, Zillow, Trulia and Realtor.com.
Find out what's happening in Herndonfor free with the latest updates from Patch.
Information based on BrightMLS data and deemed reliable but not guaranteed.
