Home sales in Reston have been exceptional in the midst of a strong real estate market nationwide. To understand growth and trend of home sales in an area, it helps to look at several years of data.

The graphs below show information about homes sales in the Reston 20191 and 20194 zip codes for the last 10 years.

Reston 20191

Reston 20191 List and Sold Prices

Over the past 10 years, we’ve seen the average list price of single-family homes and resale townhouses in Reston 20191 climb. There was a significant jump in 2020 for single-family homes, and it has been a relatively steady increase over time for resale townhouses.

While the average list price decreased for Reston 20191 single-family homes in 2021 ($754,000 compared to $763,600 in 2020), the average sold price in 2021 ($769,900) was higher than the average 2021 list price ($754,000).

The average list price for townhomes in Reston 20191 increased from the year 2020 ($490,400) to 2021 ($512,500). While the average sold price for 20191 townhomes was below the average list price in 2020, the average sold price was higher than the average list price in 2021.

Reston 20191 Inventory

Diminished inventory is driving prices in many locations. However, single-family home inventory in 20191 has been relatively stable. This stability makes the average sold price increase in 2021 as compared to the average sold price in years past even more noteworthy.

For townhomes in 20191, even though inventory was much higher in 2021 than any year in the past 10 years, the average sold prices continued to climb.

Reston 20191 Days on Market
Single-family homes and townhomes in Reston 20191 have been selling faster. In 2015, the average number of days a single-family home in the 20191 zip code was on the market was 57 days and 59 days for townhomes. In 2021, the average number of days on the market was 16 days for single-family homes and 13 days for townhomes.

Reston 20194 List and Sold Prices

There was a sharp increase in the average list price of single-family homes in Reston 20194 between 2020 and 2021 ($970,700 in 2021 as compared to $893,500 in 2020). While the average sold price was lower than the average list price in 2020, the average sold price was higher than the average list price in 2021.

The average list price for garage townhomes in Reston 20194 increased slightly from 2020 to 2021. However, while the average sold price was lower than the average list price in 2020, the average sold price was higher than the average list price in 2021.

Reston 20194 Inventory

The inventory of single-family homes in 20194 did decrease from 2020 (110) to 2021 (89). However, the single-family home inventory in 2020 is the exception as 2021 is on par with the number of homes sold in the last five years.

Garage townhome inventory in 20194 has been fairly stable over the course of the last five years. This inventory availability makes the average sold price in 2021 ($672,400) even more noteworthy.

Reston 20194 Days on Market

Single-family homes and garage townhomes in Reston 20194 have also been selling faster. The average number of days on the market for single-family homes in 2021 was 11 days.

The average number of days on the market for garage townhomes in the 20194 zip code in 2021 was 12 days.  

The O’Gorman Team Difference for Reston

In the 20191 Reston zip code, The O’Gorman Team’s average list price for single-family homes in 2021 was $795,000 with the average sold price of $815,000. Plus, The O’ Gorman’s Team’s average number of days on the market was just four days!

For townhomes in the 20191 Reston zip code, The O’Gorman Team sold 100% of their listings in 2021 in seven days or less, with their average number of days on the market being three days!

In the 20194 Reston zip code, The O’Gorman Team’s average number of days on the market for both single-family homes and garage townhomes in 2021 was four days!

Are you thinking of buying a home? The O’Gorman Team has outstanding knowledge and a depth of experience exclusive to the Reston area.

Are you considering selling your home? The O’Gorman Team can provide you with unique insight into the thriving Reston real estate market that will help optimize the value and sale of your home.

You want to know that you are in good hands and that your real estate agent will work hard for you. When you need a Reston real estate agency with unparalleled market experience and award-winning excellence, you need The O’Gorman Team. Contact us today!