Reston real estate statistics for 20190 are below and updated by the 13th of every month. These are interactive charts so you can remove and add any of the colored lines by clicking on the legend below each graph.
You will find, some of the more important Reston real estate market statistics to help track overall trends. I have given brief overviews of each graph to explain its importance to the 20190 market. The 20190 area of Reston includes the Reston Town Center and the many of the large condominiums and of course nearby homes in the Reston HOA which covers most of the single family homes in 20190 zip. Please contact me if you want specific market statistics for any of these neighborhoods. For Information about Reston, please visit my communities page here, Reston.
Real Estate Market Gauge for Reston, 20190:
Reston Real Estate Activity 20190:
Here you will find the active listings (supply) and closed sales (demand) of the Reston real estate market over the last 12 months. Also included are the number of new listings and pending listings, which are the properties under contract. This information is useful to home sellers and homebuyers to understand the current trends and possible pressure on price in Reston. The smaller the gap between the active listings (yellow line) and the sold listings (blue line), the more we are in a sellers market in 20190. This can cause an upward movement of prices.
Median Sold Price of Reston Homes, 20190:
This graph shows the median sold price over the last three years for detached homes, town homes, and condos in the Reston real estate market statistics for 20190. This gives an idea of the current price trend to home sellers and buyers to gauge the general direction of prices. At times this graph may show some spikes particularly in the 20190 zip, and is used by few or no sales in that category, as you can see in the detached home below. This area of Reston has a high concentration of condos and much fewer detached homes.
Avg. Home Sales Price vs. List Price Ratio in Reston:
Pricing in Reston is critical to sellers to net the most money while avoiding a stale listing distinction. This bar graph illustrates the percentage of list price to sold price ratio and can help sellers determine what the average home buyer is negotiating from list price. This can help avoid overpricing a home which can scare off potential buyers. Finding the “sweet spot” for a seller’s unique situation is what a professional real estate agent can do when it comes to pricing a home. Home Buyers will find this useful to determine what average sellers are willing to negotiate off sales price.
I have broken this graph down into price ranges since sometimes different price ranges can have different results. (Example of Calculation: Ratio of 97.2% means seller and buyer negotiated 2.8% off the list price) (****this does not include any negotiated seller paid closing costs for the buyer)
Reston Supply of Homes, in Months:
Below you will find the number of months it would take to sell the current listings in Reston, broken down into multiple price ranges. As you can see, breaking these results into price ranges paints a different picture for a $300k home as compared to a $900k. A general rule of thumb is, the higher the value of a home the longer it generally takes to sell.