$10,000 Closing Credit*
$925,000
1,062 SqFt
3 Beds
•2 Full Baths
Sandy Chee, Listing Office: McEnearney Associates, LLC
Is Oakton, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Oakton has remained a Seller's Market.
Key Takeaway
Oakton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Oakton, VA
How much do homes in Oakton, VA cost?
Median Sold Price
$760,000
$350/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$105,000(+16.0%)
Key Takeaway
Homes in Oakton have sold for 16% more than they did a year ago.
Summary: The median home sold price in Oakton was $760,000 in October 2024, up 16% from last year, and the median price per square foot was $350.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $291K | $293.9K | +1.0% |
| 2 Bedrooms | $384.8K | $393.7K | +2.3% |
| 3 Bedrooms | $655K | $697.5K | +6.5% |
| 4 Bedrooms | $997.4K | $990K | -0.8% |
| 5+ Bedrooms | $1.3M | $1.5M | +16.2% |
Summary: Oakton housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 16.2%.
Housing Supply in Oakton, VA
How many homes are available in Oakton, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 102 | 108 | +5.9% |
Summary: The Oakton real estate market had 108 homes for sale in October 2024, a 5.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 11 | 0.0% |
| 2 Bedrooms | 16 | 17 | +6.3% |
| 3 Bedrooms | 19 | 23 | +21.1% |
| 4 Bedrooms | 31 | 27 | -12.9% |
| 5+ Bedrooms | 25 | 30 | +20.0% |
Summary: The Oakton housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 21.1%, 4 bedroom homes decreased by 12.9%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 33 | -10.8% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oakton, you could pay more than the asking price. 39.4% of homes here sold above asking price last month.
Summary: A total of 33 homes were sold or pending in Oakton in October 2024, down by 10.8% month-over-month. Of the 33 sold homes, 33% were sold under asking, 27% were sold at asking, and 39% were sold over asking.
Days on Market for Oakton, VA
How long does it take to sell a home in Oakton, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 9 Days | 8 Days | -10.7% |
Summary: Homes in Oakton had an average of 8 days on market in Oct 2024, down by 10.7% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Oakton are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 33 homes were sold in Oakton; 94% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
