Homes are moving fast in Oakton even with rates above 7%
Realtor.com reported that mortgage rates climbed above 7% for the first time since January 2025. Most people would expect that to slow things down. In Oakton, it did not. The Real Estate Data Aggregator counted 78 homes sold in ZIP 22124 in the three months ending August 31, 2026. That is up 2.6% from the same months in 2025. Buyers are still moving.
That 49.3% figure is the one that matters most for sellers right now. The Real Estate Data Aggregator shows it is up 3.5 points from a year ago. Rates went up. Speed went up too. The right home, priced right, is still drawing fast offers.
Days on market dropped 7 days in Oakton
The Real Estate Data Aggregator put the median days on market in ZIP 22124 at 29 days for the three months ending August 31, 2026. That is 7 days shorter than the same period in 2025. The Northern Virginia Association of Realtors reported that across Northern Virginia, homes averaged 28 days on market in September, unchanged from a year before. Oakton is moving faster than the broader region.
Sellers are getting above asking price
The Real Estate Data Aggregator shows the average sale price as a share of list price in ZIP 22124 was 101.2% for the three months ending August 31, 2026. That is up 2.3 points from a year ago. Nearly 45 in 100 homes sold above list price, up 15.9 points from the same period in 2025. That is a sharp shift. Sellers who priced well captured that gain.
Prices rose 19.3% in Oakton. Here is the context.
The Real Estate Data Aggregator put the median sale price in ZIP 22124 at $1,192,500 for the three months ending August 31, 2026. That is up 19.3% from the same months in 2025. For comparison, the Federal Housing Finance Agency reported U.S. home prices rose just 2.6% from July 2025 to July 2026. Oakton is running well ahead of the national pace. School zoning to Oakton High School and proximity to Washington, DC are doing real work here.
How the three ZIP codes in the Oakton Pyramid compare
The Oakton Pyramid covers ZIP codes 22124, 22033, and 20171. These are three different markets. Do not read one as a stand-in for another. School zones differ. Commute routes differ. Price levels differ by hundreds of thousands of dollars.
| Oakton 22124 | Fairfax 22033 | Herndon 20171 | |
|---|---|---|---|
| Median sale price | $1,192,500 | $729,000 | $750,000 |
| Median days on market | 29 | 29 | 35 |
| Under contract in 2 weeks | 49.3% | 55.8% | 43.7% |
| Sale to list price | 101.2% | 100.6% | 99.9% |
Nationally, rates and inventory tell a different story
Realtor.com reported that active listings nationally topped 1.16 million homes in September 2026. Realtor.com also reported that 20.8% of listings nationally took a price cut in September, the highest share since October 2022. That is the national picture. The Oakton Pyramid is not that picture. The Real Estate Data Aggregator counted 234 homes for sale across the three ZIP codes in the three months ending August 31, 2026, with 1.7 months of supply in Oakton alone. Supply is still tight here.
What this means if you are selling
The Real Estate Data Aggregator counted 73 pending sales in ZIP 22124 alone for the three months ending August 31, 2026, up 1.4% from a year ago. Buyers are still writing offers. The window for above-list results is real, but it is not automatic. Prep and pricing still decide which side of the 49.3% line your home lands on.
What this means if you are buying
Rates above 7%, per Realtor.com, are real. So is competition. Nearly half of Oakton homes go under contract in two weeks. In Fairfax 22033, it is 55.8%, per the Real Estate Data Aggregator. You need to know your ZIP code. Commute routes and school zones shift block by block in this market. One street can read very differently from the ZIP code average.
- Rates climbed above 7%, per Realtor.com.
- Oakton did not slow down.
- The Real Estate Data Aggregator shows the median sold price in ZIP 22124 rose 19.3% to $1,192,500, days on market fell 7 days to 29, and 49.3% of homes went under contract within two weeks, for the three months ending August 31, 2026. One street can read very differently from the ZIP code number.
- Text me your address and I can tell you where your street sits.
Your next step
(703) 856-2254Text me your address and I will send back how long homes like yours are taking to sell in your part of the Oakton Pyramid, and where your price sits against what actually closed. Takes a day, costs nothing.
Text me- Real Estate Data Aggregator numbers for ZIPs 22124, 22033 and 20171, the three months ending August 31, 2026, compared with the same months of 2025. Real Estate Data Aggregator last updated them on Oct 7, 2026.
- Northern Virginia Association of REALTORs: National Market Statistics Comparison: September 2026 - Northern Virginia Association of Realtors®, Oct 23, 2026
- Federal Housing Finance Agency: FHFA House Price Index® Up 0.3 Percent in July; Up 2.6 Percent from Last Year | FHFA, Sep 29, 2026
- Redfin: U.S. Home Prices Ticked Up 0.25% in September, Oct 20, 2026
- Realtor.com: September 2026 Monthly Housing Trends: Price Cuts Hit 4-Year Highs as Mortgage Rates Top 7%, Sep 30, 2026
- Realtor.com: September 2026 Rental Report: Median Asking Rent Declines at the Slowest Pace in 3 Years, Oct 15, 2026