Tuesday, October 6, 2026
Good afternoon.
Whether you’re new to this newsletter or a long-time reader, you know we focus on how to make the most of where you live. That’s why, even though we're a real estate team, we do our best to be 90% community and 10% real estate content. But even if you are not in the market to buy or sell a home, most people do want to keep up with the real estate market, at least in a cursory way. So, we’ve added an additional weekly newsletter focused on Reston and Herndon’s real estate market. We hope you will find it a relevant companion to our weekly community newsletter and podcast.
Please let us know if this is helpful, and if there is anything we should add or remove.
Here's what's in this week's market issue:
Condos in Reston and Herndon reached 3.4 months of supply in August, more than double detached homes
Near the Wiehle-Reston East station, a house costs about $500 a month less to own than a townhouse
The 30-year mortgage rate rose a quarter point in one week, to 7.28%
Kathy & Graham
THE MARKET THIS MONTH
RESTON AND HERNDON BY HOME TYPE
| Reston | DETACHED | TOWNHOUSE | CONDO | ALL HOMES |
| Median sold price | $1.10M +18% | $661K +6% | $352K -4% | $694K +20% |
| Homes for sale | 22 +2 | 55 +20 | 113 +65 | 190 +87 |
| Months of supply | 1.2 1.3 | 1.6 1.1 | 3.4 1.5 | 2.2 1.2 |
| Median days on market | 15 13 | 9 18 | 22 18 | 15 18 |
| Sale price vs. original list | 99% 97% | 100% 98% | 97% 99% | 99% 99% |
| Herndon | DETACHED | TOWNHOUSE | CONDO | ALL HOMES |
| Median sold price | $800K -9% | $675K +4% | $500K +26% | $703K -1% |
| Homes for sale | 52 +13 | 42 +6 | 48 +9 | 142 +28 |
| Months of supply | 1.3 1.1 | 2.1 2.1 | 3.4 2.2 | 1.9 1.6 |
| Median days on market | 7 19 | 21 11 | 33 23 | 13 17 |
| Sale price vs. original list | 100% 98% | 99% 99% | 98% 100% | 99% 99% |
August 2026. Small gray figures show August 2025, or the change from it. Condo counts every home owned as a condominium, including townhouse-style condos. Reston covers ZIP codes 20190, 20191 and 20194. Herndon covers 20170 and 20171. Source: Bright MLS via ShowingTime.
THE BIG STORY
CONDOS IN BOTH TOWNS REACHED 3.4 MONTHS OF SUPPLY IN AUGUST, MORE THAN DOUBLE DETACHED HOMES
Reston and Herndon condos ended August at the same reading: 3.4 months of supply. Months of supply measures how long it would take to sell every listed home at the current pace of sales. Detached homes sat at 1.2 months in Reston and 1.3 in Herndon, and townhouses landed between them at 1.6 and 2.1.
| Detached 1.2 months |
| Townhouse 1.6 months |
| Condo 3.4 months |
| Seller's market (under 3) | Balanced (3 to 6) | Buyer's |
| Detached 1.3 months |
| Townhouse 2.1 months |
| Condo 3.4 months |
| Seller's market (under 3) | Balanced (3 to 6) | Buyer's |
Reston's condo supply grew fastest. Reston had 113 condos for sale at the end of August, up from 48 a year earlier, and closed 23 condo sales, down from 45. Condos sold at a median 97% of their original list price, while townhouses sold at 100%.
Our August market report traced part of that slowdown to monthly association payments, which ran a median $618 for Reston condos, and to Fannie Mae's stricter condo review for loan applications dated on or after Aug. 3. Under that rule an underwriter examines the association's budget, reserves and insurance before the lender approves a buyer's loan.
Herndon's condo count grew more slowly, from 39 to 48, but the median condo took 33 days to sell, up from 23. The Herndon condo median still rose 26% to $500,000. Townhouse-style condos drove that rise. In the August sales records, 11 of Herndon's 23 condo sales were townhouse-style homes owned as condominiums, 10 of them built since 2007 in communities such as Arpina Valley, Metropark at Arrowbrook and Coppermine Crossing. Those 11 sold at a median $560,000, and the 12 apartment-style condos sold at a median $337,500. In Reston, 22 of 23 condo sales were apartment-style units.
Detached homes stayed scarce in both towns. Reston had 22 for sale and Herndon had 52, and detached homes sold at 99% of original list price in Reston and 100% in Herndon.
FROM GREATER RESTON LIVING AT COMPASS
What would your home sell for in this market?
Condos, townhouses and detached homes are selling at different speeds this fall. We price your home against recent sales of your own home type in your own neighborhood.
THE SLICE
NEAR THE WIEHLE-RESTON EAST STATION, A HOUSE COSTS ABOUT $500 A MONTH LESS THAN A TOWNHOUSE
Among the homes for sale within half a mile of Wiehle-Reston East this week are a four-bedroom house in Hampton Meadow asking $650,000 and a three-bedroom townhouse in Hunters Green asking $699,900. With 20% down at 7.28%, the house runs $4,279 a month in principal, interest, association fee and property tax, and the townhouse runs $4,779, before insurance. The house is the smaller of the two, at 1,440 square feet to the townhouse's 1,736.
House, Reston
Townhouse, Reston
House, Herndon
| House, Reston | $4,279 | |||
| $3,558 loan + $160 HOA + $561 tax | ||||
| Townhouse, Reston | $4,779 | |||
| $3,831 loan + $241 HOA + $707 tax | ||||
| House, Herndon | $4,529 | |||
| $3,804 loan + no HOA + $724 tax | ||||
| Condo, Reston | $2,572 | |||
| $1,686 loan + $593 condo and association fees + $293 tax | ||||
11301 Gatesborough Lane, Hampton Meadow, Reston. $650,000. Detached, four bedrooms, 1,440 square feet, built in 1978, with a renovated kitchen and an enclosed porch. About a third of a mile from Wiehle-Reston East. See the listing
11607 Hunters Green Court, Hunters Green, Reston. $699,900. Townhouse, three bedrooms, 1,736 square feet, built in 1972, an end unit backing to Reston National Golf Course. About half a mile from Wiehle-Reston East. Open Saturday, noon to 2 p.m. See the listing
653 Pemberton Court, Chandon Woods, Herndon. $695,000. Detached, four bedrooms, 2,260 square feet, built in 1971, with no HOA. About four-tenths of a mile from the Herndon station. Open Saturday, 10 a.m. to noon. See the listing
11760 Sunrise Valley Drive #809, Mercer, Reston. $308,000. Condo, one bedroom, 664 square feet, built in 2006. About half a mile from the Reston Town Center station. See the listing
Distances are straight-line from each home to the nearest Silver Line station. Monthly costs use each listing's association fees and annual property tax as posted, 20% down and a 30-year fixed loan at Freddie Mac's Oct. 1 average of 7.28%.
ON THE MARKET THIS WEEK
45 NEW LISTINGS, 34 PRICE CHANGES AND 38 SALES
Sept. 29 to Oct. 6 in Reston and Herndon.
New this week
1658 Bandit Loop #2B, Reston. Townhouse-style condo at Tall Oaks, $799,000, three bedrooms, 2,678 square feet, built in 2021. See the listing
10812 Hunt Club Road, Reston. Detached, $1,100,000, five bedrooms, 3,021 square feet, built in 1970. See the listing
12806 Fantasia Drive, Herndon. Detached at Kingston Chase, $600,000, three bedrooms, 1,167 square feet. See the listing
1951 Sagewood Lane #317, Reston. Studio condo at Thoreau Place, $170,000, 426 square feet. See the listing
Price cuts
11607 Auburn Grove Court, Reston. Detached, now $1,125,000, down from $1,165,000. See the listing
1612 Fellowship Square, Reston. Townhouse at Lake Anne, built in 2025, now $1,199,900, down from $1,225,000. See the listing
1425 Cellar Creek Way, Herndon. Detached at Hastings Hunt, now $817,800, down from $839,999. See the listing
12880 Mosaic Park Way #1-B, Herndon. Condo at Woodland Park, now $549,999, down from $569,000. See the listing
Just sold
2526 Spanish Moss Court, Reston. Detached at Fox Mill Woods, sold for $1,200,000 against an asking price of $1,090,000. See the listing
1874 Easterly Road, Reston. Townhouse at Union Towns, built in 2020, sold for $1,230,000. See the listing
1454 Parkvale Court, Herndon. Detached at Kingstream, sold for $857,500. See the listing
2324 Wind Charm Street #306, Herndon. Condo at Metropark at Arrowbrook, sold for $520,000. See the listing
Open Oct. 10 and 11
11545 Maple Ridge Road, Reston. Townhouse at Hickory Cluster, $635,000, three bedrooms, built in 1965. Saturday, 1 to 3 p.m., and Sunday, 1 to 4 p.m. See the listing
2053 Golf Course Drive, Reston. Townhouse at Golf Course Square, $675,000, three bedrooms. Saturday, noon to 3 p.m., and Sunday, 10 a.m. to 1 p.m. See the listing
1507 Meadow Chase Drive, Herndon. Detached at Kingstream, $877,000, four bedrooms. Saturday, 2 to 4 p.m., and Sunday, 3 to 5 p.m. See the listing
13614 Air and Space Museum Parkway, Herndon. Townhouse at Discovery Square, $815,000, four bedrooms. Saturday and Sunday, 1 to 3 p.m. See the listing
RATE WATCH
THE 30-YEAR RATE ROSE A QUARTER POINT TO 7.28%
Freddie Mac's weekly survey put the average 30-year fixed rate at 7.28% on Oct. 1, up from 7.03% a week earlier and 6.34% a year ago.
With 20% down, principal and interest on Reston's August median runs $1,927 a month for a condo, $3,615 for a townhouse and $6,021 for a detached home. In Herndon the same math gives $2,737, $3,695 and $4,379. The one-week rise added $48 to $149 to each of those payments.
FROM GREATER RESTON LIVING AT COMPASS
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Reston Insider is written by Kathy and Graham Tracey of Greater Reston Living at Compass, and you can call or text us at (703) 231-7049.
Some homes featured in this issue are listed by other brokerages. Listing and sales data provided by Bright MLS and deemed reliable but not guaranteed.
Compass, 11943 Democracy Drive, Reston, VA 20190 | (703) 783-7485
