Oakton October 2024 Home Sales:

• 19 homes went under contract in Oakton. This is up 19% from the same time period in 2023. 

• 94% of the homes that went to settlement in October 2024, sold in 10 days or less from when they hit the market.  

• Average sold price was $1,066,647 (up 13% from the same time period in 2023 when it was $943,642).

• 22 homes came on the market.  That’s up 10% from October 2023.

• Homes that sold (closed) averaged 4 days on market, 8 days faster than October 2023.

• 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 18 Oakton homes for sale (townhouse, condo and single-family).

OVERALL: Oakton remained in a Seller’s Market. The number of homes coming on the market was up slightly but the number going under contract in October was down from the previous month.  Overall inventory decreased and was down 33% year-over-year.  Average sold price increased and was up from this time 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, a 0.3 month supply.  Both segments continue to face a Seller’s Market.

Oakton September/Q3 Home Sales:

• 22 homes went under contract in Oakton. This is up 120% from the same time period in 2023. 

• 47% of the homes that went to settlement in September 2024, sold in 10 days or less from when they hit the market.  

• Average sold price was $806,429 (down 3.5% from the same time period in 2023 when it was $835,868).

• 16 homes came on the market.  That’s up 14% from September 2023.

• Homes that sold (closed) averaged 26 days on market, 5 days slower than September 2023.

• There is currently a 0.6 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 2nd Quarter-End Stats – 2024 vs 2023:

Average sold price increased by 6% ($1,026,378 vs $967,863)

Total units sold increased by 9%

Average sales price to original list price ratio increased slightly – 100.7% vs 99.9%

OVERALL: Oakton remained in a Seller’s Market. The number of homes coming on the market and going under contract in September were up the previous month.  Overall inventory was also up, but was down 64% year-over-year.  Average sold price decreased and was down from this time last year. 

Oakton August 2024 Home Sales:

• 15 homes went under contract in Oakton. This is down 21% from the same time period in 2023. 

• 44% of the homes that went to settlement in August 2024, sold in 10 days or less from when they hit the market.  

• Average sold price was $1,411,330 (up 24% from the same time period in 2023 when it was $1,136,632).

• 10 homes came on the market.  That’s down 55% from August 2023.

• Homes that sold (closed) averaged 18 days on market, 5 days faster than August 2023.

• 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 14 Oakton homes for sale (townhouse, condo and single-family).

OVERALL: Oakton remained in a Seller’s Market. The number of homes coming on the market decreased from July.  Overall inventory was also down from the previous month, and was down 18% year-over-year.  Average sold price increased and remained up from this time last year. 

If we segment this market by price, we see a 0.6 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 July 2024 Home Sales:

• 14 homes went under contract in Oakton. This is down 42% from the same time period in 2023. 

• 71% of the homes that went to settlement in July 2024, sold in 10 days or less from when they hit the market.  

• Average sold price was $911,789 (up 2% from the same time period in 2023 when it was $891,368).

• 19 homes came on the market.  That’s up 12% from July 2023.

• Homes that sold (closed) averaged 10 days on market, 10 days faster than July 2023.

• 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 20 Oakton homes for sale (townhouse, condo and single-family).

OVERALL: Oakton remained in a Seller’s Market. The number of homes coming on the market was basically unchanged and the number going under contract decreased from June.  Overall inventory was  was up from the previous month, and was up 25% year-over-year.  Average sold price decreased but remained up from this time last year. 

If we segment this market by price, we see a 0.6 month supply of homes over $1 Million and in the under $1 Million price range, a 0.8 month supply.  Both segments continue to face a Seller’s Market.

Oakton June/Q2 2024 Home Sales:

• 28 homes went under contract in Oakton. This is up 56% from the same time period in 2023. 

• 68% of the homes that went to settlement in June 2024, sold in 10 days or less from when they hit the market.  

• Average sold price was $1,342,784 (up 6% from the same time period in 2023 when it was $1,269,119).

• 18 homes came on the market.  That’s down 10% from June 2023.

• Homes that sold (closed) averaged 22 days on market, 1 day faster than June 2023.

• There is currently a 0.7 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 12 Oakton homes for sale (townhouse, condo and single-family).

Additional 2nd Quarter-End Stats – 2024 vs 2023:

Average sold price increased by 17% ($1,294,937 vs $1,109,870)

Total units sold increased by 4.3%

Average sales price to original list price ratio increased slightly – 102.9% vs 101.3%

OVERALL: Oakton remained in a Seller’s Market. The number of homes coming on the market and going under contract in June were very similar to the previous month.  Overall inventory was down from May, and was down 50% year-over-year.  Average sold price decreased but was up from this time last year.

If we segment this market by price, we see a 0.6 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 2024 Home Sales:

• 26 homes went under contract in Oakton. This is down 13% from the same time period in 2023. 

• 82% of the homes that went to settlement in May 2024, sold in 10 days or less from when they hit the market.  

• Average sold price was $1,414,371 (up 34% from the same time period in 2023 when it was $1,052,917).

• 17 homes came on the market.  That’s down 10% from May 2023.

• Homes that sold (closed) averaged 9 days on market, 9 days faster than May 2023.

• 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 20 Oakton homes for sale (townhouse, condo and single-family).

OVERALL: Oakton remained in a Seller’s Market. We saw a decrease in the number of homes coming on the market and going under contract in May.  Overall inventory was also down from last month, but was up 18% year-over-year.  Average sold price increased and was up from this time last year. 

If we segment this market by price, we see a 1.1 month supply of homes over $1 Million and in the under $1 Million price range, a 0.8 month supply.  Both segments continue to face a Seller’s Market.

Oakton April 2024 Home Sales:

• 29 homes went under contract in Oakton. This is equal to the same time period in 2023. 

• 96% of the homes that went to settlement in April 2024, sold in 10 days or less from when they hit the market.  

• Average sold price was $1,102,403 (up 14% from the same time period in 2023 when it was $965,961).

• 29 homes came on the market.  That’s up 7% from April 2023.

• Homes that sold (closed) averaged 5 days on market, 22 days faster than April 2023.

• There is currently a 1.6 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).

OVERALL: Oakton remained in a Seller’s Market. We saw another increase in the number of homes coming on the market and going under contract in April.  Overall inventory was also up from last month, and was up 40% year-over-year.  Average sold price decreased but was up from this time last year. 

If we segment this market by price, we see a 2.3 month supply of homes over $1 Million and in the under $1 Million price range, a 0.1 month supply.  Both segments continue to face a Seller’s Market.

Oakton March/Q1 2024 Home Sales:

• 24 homes went under contract in Oakton. This is up 26% from the same time period in 2023. 

• 86% of the homes that went to settlement in March 2024, sold in 10 days or less from when they hit the market.  

• Average sold price was $1,277,571 (up 31% from the same time period in 2023 when it was $973,656).

• 18 homes came on the market.  That’s down 22% from March 2023.

• Homes that sold (closed) averaged 13 days on market, 5 days slower than March 2023.

• 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 17 Oakton homes for sale (townhouse, condo and single-family).

Additional 1st Quarter-End Stats – 2024 vs 2023:

Average sold price increased by 27% ($1,049,024 vs $823,483)

Total units sold increased by 48%

Average sales price to original list price ratio increased – 101.7% vs 101.2%

OVERALL: Oakton remained in a Seller’s Market. We saw a very slight decrease in the number of homes coming on the market in March.  Overall inventory was basically unchanged from last month, as well as year-over-year.  Average sold price was up from February as well as up from this 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 0.1 month supply.  Both segments continue to face a Seller’s Market.

Oakton February 2024 Home Sales:

• 14 homes went under contract in Oakton. This is up 40% from the same time period in 2023. 

• 78% of the homes that went to settlement in February 2024, sold in 10 days or less from when they hit the market.  

• Average sold price was $899,116 (up 73% from the same time period in 2023 when it was $518,950).

• 21 homes came on the market.  That’s up 91% from February 2023.

• Homes that sold (closed) averaged 15 days on market, 10 days faster than February 2023.

• 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).

OVERALL: Oakton remained in a Seller’s Market. We saw an increase in the number of homes coming on the market in February.  Overall inventory was up slightly from last month, and was up 80% year-over-year.  Average sold price was up from January as well as up from this 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 January 2024 Home Sales:

• 15 homes went under contract in Oakton. This is up 15% from the same time period in 2023. 

• 33% of the homes that went to settlement in January 2024, sold in 10 days or less from when they hit the market.  

• Average sold price was $861,604 (down 9% from the same time period in 2023 when it was $951,999).

• 11 homes came on the market.  That’s unchanged from January 2023.

• Homes that sold (closed) averaged 36 days on market, 18 days slower than January 2023.

• 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 15 Oakton homes for sale (townhouse, condo and single-family).

OVERALL: Oakton remained in a Seller’s Market. 2024 started with an increase in the number of homes coming on the market and going under contract compared to year-end.  Overall inventory, however, decreased slightly from last month and was down 17% year-over-year.  Average sold price was down a bit from December and was down year-over-year.

If we segment this market by price, we see a 1.7 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.