Palmer Harned, Realtor®
Palmer Harned
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2016 Real Estate Recap {Reston}

Reston saw average sales prices drop and average days on market rise but more homes sell in 2016, indicating a buyer’s market. The average sales price went from $472,000 in 2015 to $459,000 in 2016, and the average days on market went from 43 to 59. Townhomes continue to dominate the market with over 500 selling at an average of 47 days.     

RESTON
Average Sales Price:
Overall – $459,000
Single Family – $704,000
Townhouse – $457,000
Condo – $322,000
Average Days on the Market:
Overall – 59
Single Family – 59
Townhouse – 47
Condo – 72
Homes Sold:
Overall – 1,250
Single Family – 272
Townhouse – 501
Condo – 477

20194
Average Sales Price:
Overall – $534,000
Single Family – $830,000
Townhouse – $459,000
Condo – $304,000
Average Days on the Market:
Overall – 59
Single Family – 65
Townhouse – 46
Condo – 73
Homes Sold:
Overall – 267
Single Family – 82
Townhouse – 119
Condo – 66

20191
Average Sales Price:
Overall – $432,000
Single Family – $639,000
Townhouse – $424,000
Condo – $227,000
Average Days on the Market:
Overall – 54
Single Family – 35
Townhouse – 49
Condo – 60
Homes Sold:
Overall – 586
Single Family – 171
Townhouse – 252
Condo – 163

20190
Average Sales Price:
Overall – $449,000
Single Family – $738,000
Townhouse – $519,000
Condo – $390,000
Average Days on the Market:
Overall – 68
Single Family – 72
Townhouse – 46
Condo – 79
Homes Sold:
Overall – 397
Single Family – 19
Townhouse – 130
Condo – 248

Data is from the Metropolitan Regional Information System (MRIS). Average prices rounded to the nearest $1,000. For more market information or to find out what your home is worth, send an email to palmer@palmerharned.com.

 

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