RESTON HOUSING MARKET DATA

There was an increase in total units sold in March, with 77 sold this month in Reston Real Estate versus 68 last month, an increase of 13%. This month's total units sold was lower than at this time last year, a decrease of 5% versus March 2024.

Versus last year, the total number of homes available this month is higher by 10 units or 12%. The total number of active inventory this March was 94 compared to 84 in March 2024. This month's total of 94 is lower than the previous month's total supply of available inventory of 100, a decrease of 6%.

Last March, the median sale price for Reston Homes was $610,000. This March, the median sale price was $699,000, an increase of 15% or $89,000 compared to last year. The current median sold price is 15% higher than in February.

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

In March, there was 1.2 months of supply available in Reston, compared to 1.0 in March 2024. That is an increase of 18% 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 115 homes newly listed for sale in Reston compared to 124 in March 2024, a decrease of 7%. There were 109 current contracts pending sale this March compared to 98 a year ago. The number of current contracts is 11% higher than last March.

In March, the average sale price in Reston was 102.1% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 12, higher than the average last year, which was 9, an increase of 33%.





FOCUS ON: RESTON HOUSING MARKET			MARCH 2025

Zip Code(s): 20194, 20190 and 20191
Units Sold 77	Active Inventory 94	Median Sale Price $699,000	Days On Market 12

Down -5% Vs. Year Ago	Up 12% Vs. Year Ago	Up 15% Vs. Year Ago	Up 33% Vs. Year Ago


		Units Sold There was an increase in total units sold in March, with 77 sold this month in Reston Real Estate versus 68 last month, an increase of 13%. This month's total units sold was lower than at this time last year, a decrease of 5% versus March 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 10 units or 12%. The total number of active inventory this March was 94 compared to 84 in March 2024. This month's total of 94 is lower than the previous month's total supply of available inventory of 100, a decrease of 6%.
		Median Sale Price Last March, the median sale price for Reston Homes was $610,000. This March, the median sale price was $699,000, an increase of 15% or $89,000 compared to last year. The current median sold price is 15% higher than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 115	Current Contracts 109	Sold Vs. List Price 102.1%	Months of Supply 1.2

Down -7% Vs. Year Ago	Up 11% Vs. Year Ago	No Change Vs. Year Ago	Up 17% Vs. Year Ago


		Months of Supply In March, there was 1.2 months of supply available in Reston, compared to 1.0 in March 2024. That is an increase of 18% 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 115 homes newly listed for sale in Reston compared to 124 in March 2024, a decrease of 7%. There were 109 current contracts pending sale this March compared to 98 a year ago. The number of current contracts is 11% higher than last March.
		Sale Price to List Price Ratio In March, the average sale price in Reston was 102.1% 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 12, higher than the average last year, which was 9, an increase of 33%.


	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.