Price Cuts High Point in Reston Real Estate Market

There were 93 homes sold in the Reston market over the last 30 days. During the same period, the total number of price reductions was 169, the most since July. In comparison, Centreville had 81 price reductions in the same time frame, the most of all nearby municipalities. While price reduction numbers rose, sale prices climbed as well. This week's reported median sales price of $435,000 continued a four-week upswing. Even with the higher trending price reductions, the overall rising prices and the fact that there are a lower-than-normal three months of inventory to work through indicate that Reston is still a seller's market.

Without price being a factor in your decision, these are the top homes being listed in Reston:

$1.8M   $1.6M   $1.6M  

Get started right now by checking out Reston homes for sale or reviewing Reston real estate trends.

Demographic facts about Reston:

  • This area has a rating of 59 for the population growth. (Scale: 1 = Worst, 100 = Best)
  • This area has a property tax of $10.67/$1,000.
  • The commute times can range from: <15 min (24.0%), 15-29 min (37.4%), 30-44 min (20.8%), 45-59 min (8.4%), >60 min (9.3%).

Data reported through 10/12/2016

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RE/MAX Select Properties
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Pearson Smith Realty, LLC
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