Oakton real estate statistics for 22124 are below and will be updated by the 12th of each month, please feel free to visit anytime. These are interactive charts so you can remove and add any of the colored lines by clicking on the legend below the graph.
You will find, what I consider, some of the more important Oakton real estate market statistics for 22124 to help gauge overall trends. I have also given brief overviews of each graph to help explain the reason it has been included and its importance to the 22124 market.
Real Estate Market Gauge for Oakton, 22124:
Oakton Market Activity 22124:
Below you will find the supply (active listings) and demand (closed sales) of the Oakton real estate market over the last 12 months. It also includes the number of new listings on the market and pending listings, which are the homes under contract. This information is useful to home sellers and buyers to understand the current trends and possible pressure on price in Oakton, if any. The smaller the gap between the active listings (yellow line) and the sold listings (blue line), the more we are in a sellers market in 22124. This can cause an upward movement of prices.
Median Sold Price of Oakton Homes, 22124:
This graph shows the median sold price over the last three years for Detached Homes, Town Homes, and condos in the Oakton real estate market of 22124. This gives a current price trend to home sellers and buyers to gauge the general direction of prices. Pricing a home in Northern Va to high can cause a home to sit on the market and lessen the urgency buyers may have for a property. On the flip side, homeowners who price a home to low may leave excess money on the table that they otherwise could pocket. At times this graph may show some spikes which is caused by a low number of home sales or a high priced luxury home sale in that particular month, but for our purposes we are looking for the overall long term median sales price trend for 22124.
Oakton Avg. Home Sales Price vs. List Price Ratio:
Pricing a home correctly in Oakton, or any area in Northern VA, is critical to home sellers to net the most money while avoiding a stale listing distinction. This bar graph illustrates the percentage of list price to sold price ratio and can help home sellers determine what the average home buyer is negotiating from list price in the 22124 zip code. This can help avoid overpricing a home which can scare off potential buyers since they may not even make an offer on homes with an unrealistic price. Finding the sweet spot for a seller’s unique situation is what a professional real estate agent can do when it comes to pricing a home. Please keep in mind these are averages and I recommend to consult with an agent on specifics of each individual property. I have broken this graph down into price ranges since sometimes different price ranges can have different results. (Example of Calculation: Ratio of 97.2% means seller and buyer negotiated 2.8% off the list price) (****this does not include any negotiated seller paid closing costs for the buyer)
Oakton Supply of Homes, in Months:
With this chart we can see the number of months it would take to sell the current inventory of homes in Oakton, which is broken down into multiple price ranges. I rely on this graph a great deal as a thermometer of each price range in the Oakton real estate market. As you can see, breaking these results into price ranges paints a different picture for a $600k home as compared to a 1.5 million dollar home. A general rule of thumb is, the higher the value of a home the longer it takes to sell.
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