$1,000,000
0.32 Acres
Land
Jason Cheperdak, Listing Office: Samson Properties
Is Oakton, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$753,000
$350/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$98,000(+15.0%)
Key Takeaway
Homes in Oakton have sold for 15% more than they did a year ago.
Summary: The median home sold price in Oakton was $753,000 in November 2024, up 15% from last year, and the median price per square foot was $350.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $289K | $294.9K | +2.0% |
| 2 Bedrooms | $385K | $389K | +1.0% |
| 3 Bedrooms | $639.5K | $695K | +8.7% |
| 4 Bedrooms | $950K | $1.0M | +6.1% |
| 5+ Bedrooms | $1.3M | $1.5M | +13.0% |
Summary: Oakton housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2%, 2 bedroom homes increased by 1%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 13%.
Housing Supply in Oakton, VA
How many homes are available in Oakton, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 99 | 91 | -8.1% |
Summary: The Oakton real estate market had 91 homes for sale in November 2024, a 8.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 10 | -16.7% |
| 2 Bedrooms | 16 | 15 | -6.3% |
| 3 Bedrooms | 20 | 21 | +5.0% |
| 4 Bedrooms | 26 | 22 | -15.4% |
| 5+ Bedrooms | 25 | 23 | -8.0% |
Summary: The Oakton housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes decreased by 8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 35 | 41 | +17.1% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oakton, you could pay more than the asking price. 51.2% of homes here sold above asking price last month.
Summary: A total of 41 homes were sold or pending in Oakton in November 2024, up by 17.1% month-over-month. Of the 41 sold homes, 29% were sold under asking, 20% were sold at asking, and 51% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 12 Days | 17 Days | +38.8% |
Summary: Homes in Oakton had an average of 17 days on market in Nov 2024, up by 38.8% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
8 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 November 2024, 41 homes were sold in Oakton; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
