Oak Hill, VA Foreclosures
Current Market Conditions in in Oak Hill, VA As of February 2026?
Over the past month, Oak Hill's real estate market has experienced an uptick in activity. More homes have been listed compared to the previous months, signaling a possible stabilization in inventory levels. However, despite this increase, the demand for homes still exceeds supply, which has kept home prices relatively high. Seasonal trends also indicate that families are actively looking to relocate before the school year starts, further fueling the market.
How much do homes sell for in Oak Hill, VA?
The average home price is currently $732,363.
What’s the average rental cost in Oak Hill, VA?
The average rental price in Oak Hill is $2,579.
What is the most expensive home in Oak Hill?
The most expensive home sold in Oak Hill had a price of $2,304,490.
What is currently the cheapest priced home in Oak Hill, VA?
The cheapest home for sale in Oak Hill is priced at $387,000.
Living in Oak Hill, VA
Oak Hill, VA is a picturesque suburb of Washington D.C., known for its quiet residential areas and a strong sense of community. The location offers excellent schools, abundant recreational opportunities, and convenient access to major highways and public transport. With a range of dining and shopping options nearby, it's a perfect blend of suburban comfort and urban lifestyle.
Buyer vs Seller Market in Oak Hill, VA
The real estate market in Oak Hill has shown steady growth over the past few years. Home prices have been steadily increasing due to the high demand for suburban living within close proximity to D.C. This has led to a competitive market, with buyers frequently facing bidding wars on desirable properties, particularly single-family homes.
Currently, the market remains strong, with an increasing number of new listings coming to the market. However, the inventory is still lower than ideal, which continues to drive up home prices. The demand for homes in Oak Hill, coupled with the area's appealing amenities and school system, makes it a sought-after location for both buyers and investors.
Home Value Estimator For Oak Hill, VA
There are currently 357 real estate properties
in Oak Hill, VA,
with a median automated valuation model (AVM) price
of $548,258.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Oak Hill, VA, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Oak Hill, VA,
is $732,363.00, with the most expensive house
in Oak Hill, VA, topping out
at $2,304,490.00 and the cheapest home
in Oak Hill, VA,
clocking in at $387,000.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Oak Hill, VA!
Rent Prices
In Oak Hill, VA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Oak Hill, VA, is on
a rollercoaster ride. The
average rent price in Oak Hill, VA,
is $2,579.00. Indeed, when looking to rent in
Oak Hill, VA, you can expect to pay as little
as $2,130.00 or as much
as $4,730.00,
with the average rent median estimated to
be $2,200.00. The good news is that finding
an affordable and desirable property to rent in Oak Hill, VA
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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