Residents of Oakton enjoy a unique country setting just minutes from Washington, D.C., and the Dulles Technology Corridor. Oakton is located just west of Vienna and Tyson's Corner in Fairfax County. Oakton offers convenient shopping along Route 123 in addition to its own historic district. Residents enjoy the Washington & Old Dominion Trail (W&OD) and Cross Country Trail (CCT), which offer miles of dedicated paths for hiking, biking and an array of other outdoor activities. (more)
The community is home to some 30,500 residents, many of them employed with companies in the Northern Virginia Technology Corridor.
Over the past 10 years there has been an explosion of technology, telecommunications and software companies moving into the Northern Virginia area. Today, the area is home to more than 30,000 business establishments, of which more than 125 are internationally affiliated. But at the end of the day, Oakton residents retreat to their quaint, peaceful town. There are more than 18,000 acres of public parklands and over 350 local parks in the area, providing ample opportunities to get away from it all. Real estate options consist almost exclusively of single-family homes, townhomes, condominiums, estates and land for custom home building. A few of these properties may be short sales, foreclosures or REO's.
Oakton Real Estate Market
Real estate in Oakton is plentiful and features a wide assortment of single-family homes, condos and townhouses in a diverse price range that will suit even the most discerning buyer. Homes for sale in Oakton begin in the low $410,000s and run as high as $4 million. Condo and townhome prices in Oakton start from just under $200,000 to $640,000. Oakton also has a limited selection of land available for purchase.
Oakton, Virginia Average Home Sizes and Asking Prices
Asking Price in 22124 - 3 Bedroom Single Family Homes
Oakton Real Estate Stats and Trends for the week of March 12th, 2020: homes priced around $770,758 compared to $770,758 the previous week, to remain steady with no change in listing price. For Monday, April 6th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.