Real Estate Market Update for Reston, VA
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.
Show Transcript

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: 42.63 Married: 42% Number of Households: 27,941 Households with Children: 6,755
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Reston, VA

      School Name Distance Type Grades School Rating
      Children's House Montessori School Of Reston 0.2 mi Private PRESCHOOL-K 0
      Lake Anne Nursery Kindergarten 0.2 mi Private PRESCHOOL-PRESCHOOL 0
      Reston Montessori School 0.5 mi Private PRESCHOOL-6 0
      Kindercare Learning Center At Palsoperate 0.5 mi Private PRESCHOOL-K 0
      Lake Anne Elementary School 0.6 mi Public PRESCHOOL-6 2
      Russian Kids House 0.6 mi Private PRESCHOOL-2 0
      Forest Edge Elementary School 0.6 mi Public PRESCHOOL-6 2
      Community Montessori School 1.0 mi Private PRESCHOOL-K 0
      Winwood Children's Center Iii 1.3 mi Private PRESCHOOL-PRESCHOOL 0
      Academy Of Christian Education 1.5 mi Private PRESCHOOL-6 0
      Aldrin Elementary School 1.6 mi Public PRESCHOOL-6 4
      Sunrise Valley Elementary School 1.6 mi Public K-6 4
      Terraset Elementary School 1.7 mi Public K-6 3
      Hughes Middle School 1.7 mi Public 7-8 3
      Armstrong Elementary School 1.7 mi Public K-6 3
      Sunset Hills Montessori School 1.8 mi Private PRESCHOOL-4 0
      Reston Children's Center 1.9 mi Private PRESCHOOL-5 0
      South Lakes High School 2.0 mi Public 9-12 2
      Dogwood Elementary School 2.3 mi Public PRESCHOOL-6 0
      Hunters Woods Elementary 2.4 mi Public K-6 4
      Al Fatih Academy 2.7 mi Private PRESCHOOL-8 0
      Ideaventions Academy For Mathematics And Science 2.7 mi Private 4-12 0
      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.
      Local Weather for Reston, VA
        Data powered by Attom Data Solutions. Copyright© 2022. Information deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
        CHOOSE YOUR LANGUAGE