New Downward Trend in Price Cuts for Oakton Real Estate Market

On top of a determined downward trend in sellers reducing price, including 13 markdowns over the last 30 days, sales in the Oakton market fell to 33 over the same stretch of time. Prices are rising in Oakton, and the median sales price this period increased from $632,500 to $642,000. With only three months of inventory to sell, Oakton is a seller's market, in spite of the dip in sales.

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Demographic facts for Oakton:

  • The average elevation in this area is 379 feet.
  • The median income for the homes in this area is $110,524.
  • The student-to-counselor ratio is 274:1. (513:1 = national average)

Data reported through 1/11/2017

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Weichert, REALTORS
Snapped 3 homes in this area
Weichert, REALTORS
Snapped 2 homes in this area

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