Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was down 2% from one year earlier, and up 5% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just under 580-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 11%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was 430-thousand dollars. The number of units sold decreased 16% year-over-year, and increased 14% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Reston, VA
Area Information for Reston, VA
Population:63,408
Median Age:42.63 yr
Median Commute Time:25 mins
Educational Climate*:5
Sales Tax:0%
Population Density:4,133/sq mi
Population Change Since 2000:15.2%
Closest Airport:Washington Dulles International
Closest College:George Mason University
Closest Jr. College:Northern Virginia Cmnty College-loudoun
Median Household Income:$123,486
Annual Residential Turnover:0%
Median Home Sales Price:$481,000
Closest Major Sports Team:Potomac Nationals (a)
Change Avg. Household Income Since 2000:55.11%
* Scale from 1-5 ** Index where 100 is the national average
Demographic Data for Reston, VA
Median Age: 42.63Married: 42%Number of Households: 27,941Households with Children: 6,755
Community:
Occupancy Types
3599Vacant
8822Owned
12512Rented
Transportation to Work
43%Drive
47%Public Transportation
8%Walk / Bike / Other
8%Work at Home
National Index Comparisons:
(100 National Average)
Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area.