RESTON HOUSING MARKET DATA

There was a decrease in total units sold in January, with 51 sold this month in Reston Real Estate versus 60 last month, a decrease of 15%. This month's total units sold was higher than at this time last year, an increase of 16% versus January 2024.

Versus last year, the total number of homes available this month is higher by 13 units or 22%. The total number of active inventory this January was 72 compared to 59 in January 2024. This month's total of 72 is higher than the previous month's total supply of available inventory of 65, an increase of 11%.

Last January, the median sale price for Reston Homes was $537,500. This January, the median sale price was $550,000, an increase of 2% or $12,500 compared to last year. The current median sold price is 7% lower than in December.

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

In January, there was 1.4 months of supply available in Reston. The amount of supply is similar compared to 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 74 homes newly listed for sale in Reston compared to 78 in January 2024, a decrease of 5%. There were 60 current contracts pending sale this January compared to 68 a year ago. The number of current contracts is 12% lower than last January.

In January, the average sale price in Reston was 100.0% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 27, higher than the average last year, which was 21, an increase of 29%.





FOCUS ON: RESTON HOUSING MARKET			JANUARY 2025

Zip Code(s): 20194, 20190 and 20191
Units Sold 51	Active Inventory 72	Median Sale Price $550,000	Days On Market 27

Up 16% Vs. Year Ago	Up 22% Vs. Year Ago	Up 2% Vs. Year Ago	Up 29% Vs. Year Ago


		Units Sold There was a decrease in total units sold in January, with 51 sold this month in Reston Real Estate versus 60 last month, a decrease of 15%. This month's total units sold was higher than at this time last year, an increase of 16% versus January 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 13 units or 22%. The total number of active inventory this January was 72 compared to 59 in January 2024. This month's total of 72 is higher than the previous month's total supply of available inventory of 65, an increase of 11%.
		Median Sale Price Last January, the median sale price for Reston Homes was $537,500. This January, the median sale price was $550,000, an increase of 2% or $12,500 compared to last year. The current median sold price is 7% lower than in December. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 74	Current Contracts 60	Sold Vs. List Price 100.0%	Months of Supply 1.4

Down -5% Vs. Year Ago	Down -12% Vs. Year Ago	No Change Vs. Year Ago	No Change Vs. Year Ago


		Months of Supply In January, there was 1.4 months of supply available in Reston. The amount of supply is similar compared to 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 74 homes newly listed for sale in Reston compared to 78 in January 2024, a decrease of 5%. There were 60 current contracts pending sale this January compared to 68 a year ago. The number of current contracts is 12% lower than last January.
		Sale Price to List Price Ratio In January, the average sale price in Reston was 100.0% of the average list price, which is similar compared to a year ago. Days on Market This month, the average number of days on market was 27, higher than the average last year, which was 21, an increase of 29%.


	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.