Vienna, Oakton, and Tyson's Corner Housing Market Data

There was an increase in total units sold in August, with 112 sold this month in Vienna, Oakton, and Tyson's Corner Real Estate versus 101 last month, an increase of 11%. This month's total units sold was lower than at this time last year, a decrease of 16% versus August 2021.

Versus last year, the total number of homes available this month is lower by 28 units or 16%. The total number of active inventory this August was 142 compared to 170 in August 2021. This month's total of 142 is lower than the previous month's total supply of available inventory of 173, a decrease of 18%.

Last August, the median sale price for Vienna, Oakton, and Tyson's Corner Homes was $920,000. This August, the median sale price was $890,000, a decrease of 3% or $30,000 compared to last year. The current median sold price is 9% lower than in July.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In August, there was 1.3 months of supply available in Vienna, Oakton, and Tyson's Corner. The amount of supply is similar compared to a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 97 homes newly listed for sale in Vienna, Oakton, and Tyson's Corner compared to 151 in August 2021, a decrease of 36%. There were 89 current contracts pending sale this August compared to 132 a year ago. The number of current contracts is 33% lower than last August.

In August, the average sale price in Vienna, Oakton, and Tyson's Corner was 99.5% of the average list price, which is 2.2% lower than at this time last year.

This month, the average number of days on market was 22, higher than the average last year, which was 17, an increase of 29%.





Focus On: Vienna, Oakton, and Tyson's Corner Housing Market			August 2022

Zip Code(s): 22182, 22185, 22181, 22180, 22027 and 22124
Units Sold 112	Active Inventory 142	Median Sale Price $890,000	Days On Market 22

Down -16% Vs. Year Ago	Down -16% Vs. Year Ago	Down -3% Vs. Year Ago	Up 29% Vs. Year Ago


		Units Sold There was an increase in total units sold in August, with 112 sold this month in Vienna, Oakton, and Tyson's Corner Real Estate versus 101 last month, an increase of 11%. This month's total units sold was lower than at this time last year, a decrease of 16% versus August 2021.
Active Inventory Versus last year, the total number of homes available this month is lower by 28 units or 16%. The total number of active inventory this August was 142 compared to 170 in August 2021. This month's total of 142 is lower than the previous month's total supply of available inventory of 173, a decrease of 18%.
		Median Sale Price Last August, the median sale price for Vienna, Oakton, and Tyson's Corner Homes was $920,000. This August, the median sale price was $890,000, a decrease of 3% or $30,000 compared to last year. The current median sold price is 9% lower than in July. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 97	Current Contracts 89	Sold Vs. List Price 99.5%	Months of Supply 1.3

Down -36% Vs. Year Ago	Down -33% Vs. Year Ago	Down -2.1% Vs. Year Ago	No Change Vs. Year Ago


		Months of Supply In August, there was 1.3 months of supply available in Vienna, Oakton, and Tyson's Corner. The amount of supply is similar compared to a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 97 homes newly listed for sale in Vienna, Oakton, and Tyson's Corner compared to 151 in August 2021, a decrease of 36%. There were 89 current contracts pending sale this August compared to 132 a year ago. The number of current contracts is 33% lower than last August.
		Sale Price to List Price Ratio In August, the average sale price in Vienna, Oakton, and Tyson's Corner was 99.5% of the average list price, which is 2.2% lower than at this time last year. Days on Market This month, the average number of days on market was 22, higher than the average last year, which was 17, an increase of 29%.


	Vienna, Oakton, and Tyson's Corner are defined as properties listed in zip code/s 22182, 22185, 22181, 22180, 22027 and 22124.
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.