RESTON HOUSING MARKET DATA

There was an increase in total units sold in February, with 65 sold this month in Reston Real Estate versus 51 last month, an increase of 27%. This month's total units sold was lower than at this time last year, a decrease of 18% versus February 2024.

Versus last year, the total number of homes available this month is higher by 19 units or 28%. The total number of active inventory this February was 86 compared to 67 in February 2024. This month's total of 86 is higher than the previous month's total supply of available inventory of 84, an increase of 2%.

Last February, the median sale price for Reston Homes was $542,000. This February, the median sale price was $590,000, an increase of 9% or $48,000 compared to last year. The current median sold price is 7% higher than in January.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In February, there was 1.3 months of supply available in Reston, compared to 0.8 in February 2024. That is an increase of 56% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 79 homes newly listed for sale in Reston compared to 82 in February 2024, a decrease of 4%. There were 72 current contracts pending sale this February compared to 71 a year ago. The number of current contracts is 1% higher than last February.

In February, the average sale price in Reston was 101.5% of the average list price, which is 0.5% higher than at this time last year.

This month, the average number of days on market was 18, lower than the average last year, which was 21, a decrease of 14%.





FOCUS ON: RESTON HOUSING MARKET			FEBRUARY 2025

Zip Code(s): 20194, 20190 and 20191
Units Sold 65	Active Inventory 86	Median Sale Price $590,000	Days On Market 18

Down -18% Vs. Year Ago	Up 28% Vs. Year Ago	Up 9% Vs. Year Ago	Down -14% Vs. Year Ago


		Units Sold There was an increase in total units sold in February, with 65 sold this month in Reston Real Estate versus 51 last month, an increase of 27%. This month's total units sold was lower than at this time last year, a decrease of 18% versus February 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 19 units or 28%. The total number of active inventory this February was 86 compared to 67 in February 2024. This month's total of 86 is higher than the previous month's total supply of available inventory of 84, an increase of 2%.
		Median Sale Price Last February, the median sale price for Reston Homes was $542,000. This February, the median sale price was $590,000, an increase of 9% or $48,000 compared to last year. The current median sold price is 7% higher than in January. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 79	Current Contracts 72	Sold Vs. List Price 101.5%	Months of Supply 1.3

Down -4% Vs. Year Ago	Up 1% Vs. Year Ago	Up 0.5% Vs. Year Ago	Up 55% Vs. Year Ago


		Months of Supply In February, there was 1.3 months of supply available in Reston, compared to 0.8 in February 2024. That is an increase of 56% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 79 homes newly listed for sale in Reston compared to 82 in February 2024, a decrease of 4%. There were 72 current contracts pending sale this February compared to 71 a year ago. The number of current contracts is 1% higher than last February.
		Sale Price to List Price Ratio In February, the average sale price in Reston was 101.5% of the average list price, which is 0.5% higher than at this time last year. Days on Market This month, the average number of days on market was 18, lower than the average last year, which was 21, a decrease of 14%.


	Reston are defined as properties listed in zip code/s 20194, 20190 and 20191.
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.