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Reston Real Estate Update
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The O’Gorman Team: Your Reston Real Estate Experts

What does the future hold for home sales in Reston? Is the current market sustainable? Will the market soften? Will the move and growth of large corporations influence pricing in Reston? We’re your Reston real estate experts and we have a market update for you.

Available inventory and strength of the real estate market are definitely factors in home demand and sold prices. However, the expertise of the real estate agent you select when buying or selling your home is a key element in the process, too.

While you can’t predict the future of home sales, one thing home buyers and sellers in the Reston area can depend on is the experience of The O’Gorman Team. We are selling listed homes faster and above list price for our clients.

For single-family homes and townhouses listed since January 1, 2021 that have sold and settled in Reston in the 20191 and 20194 zip codes, The O’Gorman Team is closing at 104.9% of original list price. The market is closing at 102.4% of the original list price.

Current Reston Home Sales

How are home sales currently going in Reston? Reston townhomes and single-family detached homes continue to show remarkable appreciation.

Below are the numbers from home sales in the Reston 20191 and 20194 zip codes from the first three quarters (January 1 – October 1) of 2021.

Single-Family Detached Homes in Reston

20191

In the 20191 Reston zip code, The O’Gorman Team sold for 2.5% over list price for single-family homes. Plus, The O’Gorman Team is selling homes faster.

The average days on the market for sold listings in the first three quarters in 2021 in the 20191 zip code is 13 days. The O’Gorman Team’s days on market average for this same time period is four days. That’s nine days faster!

20194

The O’Gorman Team sold for 2% over list price for single-family homes in the 20194 zip code. The O’Gorman Team is selling homes faster here, too.

In the 20194 Reston zip code, the average days on the market for sold listings in the first three quarters in 2021 is seven days. The O’Gorman Team’s days on market average for this same time period is four days.

Townhouses in Reston

20191

In the 20191 Reston zip code, the average list price of resale townhome sold properties in the first three quarters of 2021 by The O’Gorman Team ($519,940) is 2.6% over the average list price of sold listings ($506,866). The average sold price in this same period by The O’Gorman Team ($550,940) is 6.3% over the average sold price ($518,198).

And again, The O’Gorman Team is selling homes faster. The average days on the market for sold listings for resale townhomes in the first three quarters in 2021 in the 20191 zip code is 10 days. The O’Gorman Team’s days on market average for this same time period is three days. That’s seven days faster!

The O’Gorman Team has listed and sold more resale townhomes in the 20191 zip code than any other agent.

20194

For garage townhouses listed since January 1, 2021, in the 20194 zip code that have sold and settled in Reston, The O’Gorman Team listings sold at an average of 104.9% of their list price. Market listings sold at an average of 102.8% of their list price.

The Expertise of The O’Gorman Team

Buying or selling a home is a big life experience. Not only do you have the task of finding a new place to call home, but you have all the paperwork and move coordination to deal with on top of your normal daily routine. You want a real estate agent who has the knowledge and experience and will work hard for you to make your home buying or selling process as smooth and stress free as possible.

When you need Reston real estate experts, you need The O’Gorman Team. Contact us today!