What has been happening with Reston home prices in zip code 20194 over the last 5 years?
How many days does it take to get a contract on homes for sale here?
The graph of median home prices below is very erratic for 2 reasons: 20194 is a small zip code with relatively light sales volume and the prices are for all types of property....apartment style condos as well as townhouses and single family homes.
One month might feature many condo sales, while another might have just single family transactions. Result? Wide price disparity from one month to another.
A better measurement of the underlying strength of the market trend is the Fairfax county graph just below 20194.
Prices bottomed in Fairfax County January 2009 and have been working their way up since, with seasonal drops...mostly in the winter, but not always...interesting.
You can hover your cursor over the following graphs for specific monthly data...they are interactive.
In the last year, the number of days it has taken to get a viable contract on a home in 20194 has improved.
As you can see, homes are selling pretty fast with the normal exception of January and February.
Each Reston neighborhood and zip code has its own price trends and home sales data, so if you have questions about your specific home value or community trends, please drop us a line.
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