Reston is undergoing rapid development centered around the Silver Line Metro. While the average sales price overall was just over $470,000, the average single family home in 20194 was just over $880,000! Condominiums in 20191 are the lowest average price point at just over $230,000, and condos in 20190 have the longest average time on the market at almost 2 months.
RESTON
Average Sales Price:
Overall – $471,505
Single Family – $719,167
Townhouse – $446,777
Condo – $350,365
Average Days on the Market:
Overall – 43
Single Family – 41
Townhouse – 38
Condo – 53
Homes Sold:
Overall – 1,160
Single Family – 245
Townhouse – 514
Condo – 397
20194
Average Sales Price:
Overall – $529,049
Single Family – $882,960
Townhouse – $451,757
Condo – $314,434
Average Days on the Market:
Overall – 40
Single Family – 41
Townhouse – 34
Condo – 52
Homes Sold:
Overall – 254
Single Family – 64
Townhouse – 132
Condo – 58
20191
Average Sales Price:
Overall – $444,427
Single Family – $655,326
Townhouse – $416,279
Condo – $231,829
Average Days on the Market:
Overall – 42
Single Family – 41
Townhouse – 42
Condo – 43
Homes Sold:
Overall – 543
Single Family – 160
Townhouse – 255
Condo – 126
20190
Average Sales Price:
Overall – $471,747
Single Family – $706,397
Townhouse – $502,840
Condo – $430,270
Average Days on the Market:
Overall – 48
Single Family – 37
Townhouse – 32
Condo – 59
Homes Sold:
Overall – 362
Single Family – 21
Townhouse – 127
Condo – 213
Data is from the Metropolitan Regional Information System (MRIS). For more market information or to find out what your home is worth, send an email to palmer@palmerharned.com.
Posted on January 15, 2016 at 10:35 am by Palmer Harned
