Reston October 2024 Home Sales:

• 81 homes went under contract in Reston. This is down 7% from the same time period in 2023.

• 69% of the homes went to settlement in October 2024, sold in 10 days or less from when they hit the market.  

• Average sold price was $675,387 (up 15%, from the same time period in 2023 when it was $585,304).

• 79 homes came on the market. That’s up 8% from October 2023.

• Homes that sold (closed) averaged 12 days on market, 1 day faster than October 2023.

• There is currently a 1.0 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Reston – and 82 Reston homes for sale (townhouse, condo and single-family).

OVERALL: Reston remained in a Seller’s Market. We saw a slight decrease in the number of homes coming on the market in October and the number going under contract also decreased.  Overall inventory was down from last month, but was up 28% year-over-year.  Average sold price decreased slightly but was up from this time last year. 

Reston September/Q3 2024 Home Sales:

• 97 homes went under contract in Reston. This is up 28% from the same time period in 2023.

• 60% of the homes went to settlement in September 2024, sold in 10 days or less from when they hit the market.  

• Average sold price was $694,828 (up 20%, from the same time period in 2023 when it was $581,000).

• 81 homes came on the market. That’s down 9% from September 2023.

• Homes that sold (closed) averaged 15 days on market, 5 days slower than September 2023.

• There is currently a 0.9 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Reston – and 105 Reston homes for sale (townhouse, condo and single-family).

Additional 3rd Quarter-End Stats – 2024 vs 2023:

Average sold price increased by 5.8% ($643,765 vs $608,571)

Total units sold increased by 12%

Average sales price to original list price ratio decreased – 100.2% vs 101.8%

OVERALL: Reston remained in a Seller’s Market. We saw a slight decrease in the number of homes coming on the market in September but the number going under contract increased.  Overall inventory was up from last month, as well as up 27% year-over-year.  Average sold price increased slightly and was up from this time last year. 

We broke Reston down in two markets…above $700,000 and below.  The months supply was 0.8 in both  –  very much a Seller’s Market.  

Reston August 2024 Home Sales:

• 64 homes went under contract in Reston. This is down 20% from the same time period in 2023.

• 59% of the homes went to settlement in August 2024, sold in 10 days or less from when they hit the market.  

• Average sold price was $624,659 (down .09%, from the same time period in 2023 when it was $625,213).

• 84 homes came on the market. That’s up 14% from August 2023.

• Homes that sold (closed) averaged 12 days on market, 3 days slower than in August 2023.

• There is currently a 1.0 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Reston – and 88 Reston homes for sale (townhouse, condo and single-family).

OVERALL: Reston remained in a Seller’s Market. We saw a decrease in the number of homes coming on the market and going under contract in August.  Overall inventory was also up from last month, and was up 96% year-over-year.  Average sold price was basically unchanged from the previous month as well as from this time last year. 

We broke Reston down in two markets…above $700,000 and below.  The months supply was 0.8 and 0.7 respectively  –  very much a Seller’s Market for both.  

Reston July 2024 Home Sales:

• 102 homes went under contract in Reston. This is up 24% from the same time period in 2023.

• 63% of the homes went to settlement in July 2024, sold in 10 days or less from when they hit the market.  

• Average sold price was $625,917 (up 3%, from the same time period in 2023 when it was $608,543).

• 93 homes came on the market. That’s up 18% from July 2023.

• Homes that sold (closed) averaged 14 days on market, 5 day slower than in July 2023.

• There is currently a 0.8 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Reston – and 65 Reston homes for sale (townhouse, condo and single-family).

OVERALL: Reston remained in a Seller’s Market. We saw an increase in the number of homes coming on the market and going under contract in July.  Overall inventory was also up from last month, and was up 35% year-over-year.  Average sold price decreased but was up from this time last year. 

We broke Reston down in two markets…above $700,000 and below.  The months supply was 0.6 and 0.5 respectively  –  very much a Seller’s Market for both.  

Reston June/Q2 2024 Home Sales:

• 100 homes went under contract in Reston. This is up 7.5% from the same time period in 2023.

• 77% of the homes went to settlement in June 2024, sold in 10 days or less from when they hit the market.  

• Average sold price was $681,095 (up 14%, from the same time period in 2023 when it was $599,724).

• 62 homes came on the market. That’s down 37% from June 2023.

• Homes that sold (closed) averaged 9 days on market, 2 day faster than in June 2023.

• There is currently a 0.6 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Reston – and 51 Reston homes for sale (townhouse, condo and single-family).

Additional 2nd Quarter-End Stats – 2024 vs 2023:

Average sold price increased by 8% ($663,332 vs $613,426)

Total units sold increased by 8.5%

Average sales price to original list price ratio increased slightly – 103.2% vs 102.3%

OVERALL: Reston remained in a Seller’s Market. We saw a decrease in the number of homes coming on the market and going under contract in June.  Overall inventory was also down from last month, and was down 7% year-over-year.  Average sold price increased just slightly and was up from this time last year. 

We broke Reston down in two markets…above $700,000 and below.  The months supply was 0.5 in both  –  very much a Seller’s Market.  

Reston May 2024 Home Sales:

• 110 homes went under contract in Reston. This is up 5% from the same time period in 2023.

• 76% of the homes went to settlement in May 2024, sold in 10 days or less from when they hit the market.  

• Average sold price was $680,495 (up 6%, from the same time period in 2023 when it was $639,466).

• 111 homes came on the market. That’s up 17% from May 2023.

• Homes that sold (closed) averaged 11 days on market, 4 day slower than in May 2023.

• There is currently a 0.9 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Reston – and 76 Reston homes for sale (townhouse, condo and single-family).

OVERALL: Reston remained in a Seller’s Market. We saw a decrease in the number of homes coming on the market and going under contract in May.  Overall inventory was up from last month, and was up 90% year-over-year.  Average sold price increased and was up from this time last year. 

We broke Reston down in two markets…above $700,000 and below.  The months supply was 0.6 and 0.5 respectively  –  very much a Seller’s Market.  

Reston April 2024 Home Sales:

• 129 homes went under contract in Reston. This is up 14% from the same time period in 2023.

• 80% of the homes went to settlement in April 2024, sold in 10 days or less from when they hit the market.  

• Average sold price was $621,915 (up 8%, from the same time period in 2023 when it was $573,823).

• 123 homes came on the market. That’s up 50% from April 2023.

• Homes that sold (closed) averaged 9 days on market, 1 day faster than in April 2023.

• There is currently a 0.8 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Reston – and 64 Reston homes for sale (townhouse, condo and single-family).

OVERALL: Reston remained in a Seller’s Market. We saw an increase in the number of homes coming on the market and going under contract in April.  Overall inventory was also up from last month, and was up 60% year-over-year.  Average sold price decreased but was up from this time last year. 

We broke Reston down in two markets…above $700,000 and below.  The months supply was 0.5 and 0.7 respectively  –  very much a Seller’s Market.  

Reston March/Q1 2024 Home Sales:

• 94 homes went under contract in Reston. This is up 9% from the same time period in 2023.

• 84% of the homes went to settlement in March 2024, sold in 10 days or less from when they hit the market.  

• Average sold price was $640,066 (up 12%, from the same time period in 2023 when it was $572,432).

• 91 homes came on the market. That’s down 3% from March 2023.

• Homes that sold (closed) averaged 9 days on market, 8 days faster than in March 2023.

• There is currently a 0.6 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Reston – and 50 Reston homes for sale (townhouse, condo and single-family).

Additional 1st Quarter-End Stats – 2024 vs 2023:

Average sold price increased by 16% ($629,423 vs $544,484)

Total units sold decreased by 12%

Average sales price to original list price ratio increased – 100.6% vs 99.9%

OVERALL: Reston remained in a Seller’s Market. We saw an increase in the number of homes coming on the market and going under contract in March.  Overall inventory was up from last month, but remained down 7% year-over-year.  Average sold price was up from February as well as from this time last year.

Reston February 2024 Home Sales:

• 70 homes went under contract in Reston. This is down 19% from the same time period in 2023.

• 61% of the homes went to settlement in February 2024, sold in 10 days or less from when they hit the market.  

• Average sold price was $625,819 (up 17%, from the same time period in 2023 when it was $534,025).

• 59 homes came on the market. That’s down 22% from February 2023.

• Homes that sold (closed) averaged 20 days on market, 13 days faster than in February 2023.

• There is currently a 0.5 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Reston – and 38 Reston homes for sale (townhouse, condo and single-family).

OVERALL: Reston remained in a Seller’s Market. We saw an increase in the number of homes coming on the market and going under contract in February.  Overall inventory was down just slightly from last month, as well as down 3% year-over-year.  Average sold price was up from January as well as from this time last year.

We broke Reston down in two markets…above $700,000 and below.  The months supply was 0.2 and 0.5 respectively  –  very much a Seller’s Market.  

Reston January 2024 Home Sales:

• 67 homes went under contract in Reston. This is down 7% from the same time period in 2023.

• 39% of the homes went to settlement in January 2024, sold in 10 days or less from when they hit the market.  

• Average sold price was $617,509 (up 20%, from the same time period in 2023 when it was $513,796).

• 65 homes came on the market. That’s up 12% from January 2023.

• Homes that sold (closed) averaged 21 days on market, 10 days faster than in January 2023.

• There is currently a 0.5 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Reston – and 40 Reston homes for sale (townhouse, condo and single-family).

OVERALL: Reston remained in a Seller’s Market. 2024 started with an increase in the number of homes coming on the market and going under contract compared to year-end 2023.  Overall inventory was basically unchanged from last month and was down 17% year-over-year.  Average sold price was down from December but remains up year-over-year.

We broke Reston down in two markets…above $700,000 and below.  The months supply was 0.4 for both  –  very much a Seller’s Market.