Oakton December 2023 Home Sales:

• 13 homes went under contract in Oakton. This is up 30% from the same time period in 2022. 

• 36% of the homes that went to settlement in December 2023, sold in 10 days or less from when they hit the market.  

• Average sold price was $928,822 (up 13% from the same time period in 2022 when it was $819,807).

• 8 homes came on the market.  That’s up 14% from December 2022.

• Homes that sold (closed) averaged 30 days on market, 16 days faster than December 2022.

• There is currently a 1.1 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Oakton – and 18 Oakton homes for sale (townhouse, condo and single-family).

Additional Year-End Stats – 2023 vs 2022:

Average sold price increased by 5% ($1,000,746 vs $951,829)

Total units sold decreased by 32%

Average sales price to original list price ratio decreased – 100.2% vs 101.5%

OVERALL: Oakton remained in a Seller’s Market. Inventory was down from the prior month, but up 39% year-over-year.  The number of homes going under contract and the number coming on the market were virtually unchanged.  Average sold price was down from November but up compared to the same time last year.

If we segment this market by price, we see a 1.9 month supply of homes over $1 Million and in the under $1 Million price range, a 0.3 month supply.  Both segments continue to face a Seller’s Market.

Oakton November 2023 Home Sales:

• 14 homes went under contract in Oakton. This is up 56% from the same time period in 2022. 

• 50% of the homes that went to settlement in November 2023, sold in 10 days or less from when they hit the market.  

• Average sold price was $957,416 (down 1% from the same time period in 2022 when it was $969,166).

• 9 homes came on the market.  That’s unchanged from November 2022.

• Homes that sold (closed) averaged 18 days on market, 8 days slower than November 2022.

• There is currently a 1.5 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Oakton – and 24 Oakton homes for sale (townhouse, condo and single-family).

OVERALL: Oakton remained in a Seller’s Market. Inventory was down slightly from the prior month, but up 4% year-over-year.  The number of homes going under contract and the number coming on the market decreased.  Average sold price was up from October and down just 1% compared to the same time last year.

If we segment this market by price, we see a 1.9 month supply of homes over $1 Million and in the under $1 Million price range, a 0.7 month supply.  Both segments continue to face a Seller’s Market.

Oakton October 2023 Home Sales:

• 16 homes went under contract in Oakton. This is up 129% from the same time period in 2022. 

• 86% of the homes that went to settlement in October 2023, sold in 10 days or less from when they hit the market.  

• Average sold price was $943,642 (up 15% from the same time period in 2022 when it was $819,471).

• 20 homes came on the market.  That’s up 18% from October 2022.

• Homes that sold (closed) averaged 12 days on market, 8 days faster than October 2022.

• There is currently a 1.8 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Oakton – and 27 Oakton homes for sale (townhouse, condo and single-family).

OVERALL: Oakton remained in a Seller’s Market. Inventory was unchanged from the prior month, as well as year-over-year.  The number of homes going under contract and the number coming on the market increased.  Average sold price was up from September as well as compared to the same time last year.

If we segment this market by price, we see a 2.4 month supply of homes over $1 Million and in the under $1 Million price range, a 0.4 month supply.  Both segments continue to face a Seller’s Market (although in the upper price range, properties are taking longer to sell).

Oakton September/Q3 2023 Home Sales:

• 10 homes went under contract in Oakton. This is down 33% from the same time period in 2022. 

• 50% of the homes that went to settlement in September 2023, sold in 10 days or less from when they hit the market.  

• Average sold price was $835,868 (down 20% from the same time period in 2022 when it was $1,049,431).

• 14 homes came on the market.  That’s down 36% from September 2022.

• Homes that sold (closed) averaged 21 days on market, the same as in September 2022.

• There is currently a 1.8 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Oakton – and 28 Oakton homes for sale (townhouse, condo and single-family).

Additional 3rd Quarter-End Stats – 2023 vs 2022:

Average sold price decreased by 0.8% ($967,863 vs $975,805)

Total units sold decreased by 26%

Average sales price to original list price ratio increased – 99.9% vs 99.4%

OVERALL: Oakton remained in a Seller’s Market. Inventory was up from the prior month as well as up 17% year-over-year.  The number of homes going under contract and the number coming on the market decreased.  Average sold price was down from August as well as compared to the same time last year.

If we segment this market by price, we see a 2.1 month supply of homes over $1 Million and in the under $1 Million price range, a 0.6 month supply.  Both segments continue to face a Seller’s Market.

Oakton August 2023 Home Sales:

• 19 homes went under contract in Oakton. This is down 9% from the same time period in 2022. 

• 61% of the homes that went to settlement in August 2023, sold in 10 days or less from when they hit the market.  

• Average sold price was $1,136,632 (up 32% from the same time period in 2022 when it was $862,463).

• 22 homes came on the market.  That’s up 69% from August 2022.

• Homes that sold (closed) averaged 15 days on market, 12 days faster than in August 2022.

• There is currently a 1.1 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Oakton – and 17 Oakton homes for sale (townhouse, condo and single-family).

OVERALL: Oakton remained in a Seller’s Market. Inventory was basically unchanged from the prior month and was down 37% year-over-year.  The number of homes going under contract decreased compared to last month but the number coming on the market increased.  Average sold price was up from July as well as compared to the same time last year.

If we segment this market by price, we see a 1.8 month supply of homes over $1 Million and in the under $1 Million price range, a 0.2 month supply.  Both segments continue to face a Seller’s Market.

Oakton July 2023 Home Sales:

• 24 homes went under contract in Oakton. This is down 8% from the same time period in 2022. 

• 69% of the homes that went to settlement in July 2023, sold in 10 days or less from when they hit the market.  

• Average sold price was $891,368 (down 15% from the same time period in 2022 when it was $1,043,945).

• 17 homes came on the market.  That’s down 49% from July 2022.

• Homes that sold (closed) averaged 20 days on market, 1 day slower than in July 2022.

• There is currently a 0.9 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Oakton – and 16 Oakton homes for sale (townhouse, condo and single-family).

OVERALL: Oakton remained in a Seller’s Market. Inventory decreased from the prior month and was down 57% year-over-year.  The number of homes going under contract increased compared to last month but the number coming on the market decreased.  Both of these numbers continue to be down from this time last year.  Average sold price was down from June as well as compared to the same time last year.

If we segment this market by price, we see a 1.3 month supply of homes over $1 Million and in the under $1 Million price range, a 0.6 month supply.  Both segments continue to face a Seller’s Market.

Oakton June/Q2 2023 Home Sales:

• 18 homes went under contract in Oakton. This is down 42% from the same time period in 2022. 

• 60% of the homes that went to settlement in June 2023, sold in 10 days or less from when they hit the market.  

• Average sold price was $1,269,119 (up 32% from the same time period in 2022 when it was $957,939).

• 20 homes came on the market.  That’s down 44% from June 2022.

• Homes that sold (closed) averaged 23 days on market, 13 days slower than in June 2022.

• There is currently a 1.4 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Oakton – and 24 Oakton homes for sale (townhouse, condo and single-family).

Additional 2nd Quarter-End Stats – 2023 vs 2022:

Average sold price increased by 5.2% ($1,109,870 vs $1,055,507)

Total units sold decreased by 39%

Average sales price to original list price ratio decreased – 101.3% vs 103.4%

OVERALL: Oakton remained in a Seller’s Market. Inventory increased from the prior month but was down 30% year-over-year.  The number of homes going under contract decreased compared to last month and the number coming on the market was basically unchanged.  Both of these numbers continue to be down significantly from this time last year.  Average sold price was up from May as well as compared to the same time last year.

If we segment this market by price, we see a 1.9 month supply of homes over $1 Million and in the under $1 Million price range, a 0.6 month supply.  Both segments continue to face a Seller’s Market.

Oakton May 2023 Home Sales:

• 30 homes went under contract in Oakton. This is down 35% from the same time period in 2022. 

• 81% of the homes that went to settlement in May 2023, sold in 10 days or less from when they hit the market.  

• Average sold price was $1,052,917 (down 8.4% from the same time period in 2022 when it was $1,149,716).

• 19 homes came on the market.  That’s down 60% from May 2022.

• Homes that sold (closed) averaged 18 days on market, 2 days slower than in May 2022.

• There is currently a 0.9 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Oakton – and 17 Oakton homes for sale (townhouse, condo and single-family).

OVERALL: Oakton remained in a Seller’s Market. Inventory decreased just slightly from the prior month and was down 49% year-over-year.  The number of homes going under contract was basically unchanged compared to last month and the number coming on the market was down.  Both of these numbers continue to be down significantly from this time last year.  Average sold price was up from April but down compared to the same time last year.

If we segment this market by price, we see a 2.2 month supply of homes over $1 Million and in the under $1 Million price range, a 0.4 month supply.  Both segments continue to face a Seller’s Market.

Oakton April 2023 Home Sales:

• 29 homes went under contract in Oakton. This is down 19% from the same time period in 2022. 

• 85% of the homes that went to settlement in April 2023, sold in 10 days or less from when they hit the market.  

• Average sold price was $965,961 (down 12% from the same time period in 2022 when it was $1,100,856).

• 27 homes came on the market.  That’s down 54% from April 2022.

• Homes that sold (closed) averaged 27 days on market, 13 days slower than in April 2022.

• There is currently a 1.0 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Oakton – and 20 Oakton homes for sale (townhouse, condo and single-family).

OVERALL: Oakton remained in a Seller’s Market. Inventory increased from the prior month but was down 46% year-over-year.  The number of homes going under contract and coming on the market were up from last month but both of these numbers continue to be down significantly from this time last year.  Average sold price was down from March and compared to the same time last year.

If we segment this market by price, we see a 1.8 month supply of homes over $1 Million and in the under $1 Million price range, a 1.1 month supply.  Both segments continue to face a Seller’s Market.

Oakton March/Q1 2023 Home Sales:

• 19 homes went under contract in Oakton. This is down 44% from the same time period in 2022. 

• 88% of the homes that went to settlement in March 2023, sold in 10 days or less from when they hit the market.  

• Average sold price was $973,656 (up 17% from the same time period in 2022 when it was $835,080).

• 23 homes came on the market.  That’s down 50% from March 2022.

• Homes that sold (closed) averaged 8 days on market, 3 days slower than in March 2022.

• There is currently a 0.8 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Oakton – and 17 Oakton homes for sale (townhouse, condo and single-family).

Additional 1st Quarter-End Stats – 2022 vs 2023:

Average sold price increased by 0.99% ($815,438 vs $823,483)

Total units sold decreased by 52%

Average sales price to original list price ratio decreased – 102.7% vs 101.2%

OVERALL: Oakton remained in a Seller’s Market. Inventory decreased from the prior month but was up 6% year-over-year.  The number of homes going under contract and coming on the market were up from last month but both of these numbers continue to be down significantly from this time last year.  Average sold price was up from February and compared to the end of the first quarter last year.

If we segment this market by price, we see a 1.6 month supply of homes over $1 Million and in the under $1 Million price range, also a 0.6 month supply.  Both segments continue to face a Seller’s Market.

Oakton February 2023 Home Sales:

• 10 homes went under contract in Oakton. This is down 55% from the same time period in 2022. 

• 40% of the homes that went to settlement in February 2023, sold in 10 days or less from when they hit the market.  

• Average sold price was $518,950 (down 45% from the same time period in 2022 when it was $940,122).

• 11 homes came on the market.  That’s down 54% from February 2022.

• Homes that sold (closed) averaged 25 days on market, 48 days faster than in February 2022.

• There is currently a 0.5 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Oakton – and 21 Oakton homes for sale (townhouse, condo and single-family).

OVERALL: Oakton remained in a Seller’s Market. Inventory increased from the prior month and was up 25% year-over-year.  The number of homes going under contract was down slightly and the number coming on the market was the same as last month…both of these numbers continue to be down significantly from this time last year.  Average sold price was down from January and compared to the end of February last year.

If we segment this market by price, we see a 1.5 month supply of homes over $1 Million and in the under $1 Million price range, also a 0.8 month supply.  Both segments continue to face a Seller’s Market.

Oakton January 2023 Home Sales:

• 13 homes went under contract in Oakton. This is down 46% from the same time period in 2022. 

• 60% of the homes that went to settlement in January 2023, sold in 10 days or less from when they hit the market.  

• Average sold price was $951,999 (up 53% from the same time period in 2022 when it was $623,981).

• 11 homes came on the market.  That’s down 31% from January 2022.

• Homes that sold (closed) averaged 18 days on market, 24 days faster than in January 2022.

• There is currently a 0.3 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Oakton – and 8 Oakton homes for sale (townhouse, condo and single-family).

OVERALL: Oakton remained in a Seller’s Market. Inventory decreased from the prior month but was up 14% year-over-year.  The number of homes going under contract and coming on the market increased from last month, but both of these numbers continue to be down from this time last year.  Average sold price was up from December and compared to the end of January last year.

If we segment this market by price, we see a 1.0 month supply of homes over $1 Million and in the under $1 Million price range, also a 0.3 month supply.  Both segments continue to face a Seller’s Market.