$6,228 Closing Credit*
$524,500
939 SqFt
1 Bed
•2 Full Baths
Annie L Cefaratti, Listing Office: Real Broker, LLC
Is Reston, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Reston has remained a Seller's Market.
Key Takeaway
Reston is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Reston, VA
How much do homes in Reston, VA cost?
Median Sold Price
$590,833
$359/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$50,833(+9.4%)
Key Takeaway
Homes in Reston have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in Reston was $590,833 in November 2024, up 9.4% from last year, and the median price per square foot was $359.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $304.3K | $320K | +5.2% |
| 2 Bedrooms | $385K | $425K | +10.4% |
| 3 Bedrooms | $590K | $630K | +6.8% |
| 4 Bedrooms | $795K | $920.5K | +15.8% |
| 5+ Bedrooms | $1.0M | $1.0M | +7.5% |
Summary: Reston housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.2%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 7.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Lake Thoreau | $770K | $922.5K | +19.8% |
| Reston | $540K | $590.8K | +9.4% |
| Lake Audubon | $911K | $787.5K | -13.6% |
Housing Supply in Reston, VA
How many homes are available in Reston, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 211 | 188 | -10.9% |
Summary: The Reston real estate market had 188 homes for sale in November 2024, a 10.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 18 | 16 | -11.1% |
| 2 Bedrooms | 69 | 61 | -11.6% |
| 3 Bedrooms | 62 | 55 | -11.3% |
| 4 Bedrooms | 45 | 38 | -15.6% |
| 5+ Bedrooms | 17 | 18 | +5.9% |
Summary: The Reston housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes decreased by 11.6%, 3 bedroom homes decreased by 11.3%, 4 bedroom homes decreased by 15.6%, and 5+ bedroom homes increased by 5.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 92 | 71 | -22.8% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Reston, you may be able to get a good deal. 36.6% of homes here sold below asking price last month.
Summary: A total of 71 homes were sold or pending in Reston in November 2024, down by 22.8% month-over-month. Of the 71 sold homes, 37% were sold under asking, 30% were sold at asking, and 34% were sold over asking.
Days on Market for Reston, VA
How long does it take to sell a home in Reston, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 13 Days | 21 Days | +63.1% |
Summary: Homes in Reston had an average of 21 days on market in Nov 2024, up by 63.1% compared to last year.
Breakdown of Home Sale Times
59 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Reston are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 71 homes were sold in Reston; 83% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
