Is 20001, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 20001 has remained a Buyer's Market.
Key Takeaway
20001 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 20001, DC
How much do homes in 20001, DC cost?
Median Sold Price
$725,000
$600/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 20001 have sold for 0.7% less than they did a year ago.
Summary: The median home sold price in 20001 was $725,000 in March 2024, down 0.7% from last year, and the median price per square foot was $600.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $450K | $474.9K | +5.5% |
| 2 Bedrooms | $729.9K | $680K | -6.8% |
| 3 Bedrooms | $847.5K | $865K | +2.1% |
| 4 Bedrooms | $1.1M | $1.0M | -6.2% |
| 5+ Bedrooms | $1.4M | $1.3M | -8.1% |
Summary: 20001 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.5%, 2 bedroom homes decreased by 6.8%, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 6.2%, and 5+ bedroom homes decreased by 8.1%.
Median Sold Price Compared To Nearby Zip Codes
| 20005 | $592.5K | $635K | +7.2% |
| 20001 | $729.9K | $725K | -0.7% |
Housing Supply in 20001, DC
How many homes are available in 20001, DC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 752 | 799 | +6.3% |
Summary: The 20001 real estate market had 799 homes for sale in March 2024, a 6.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 170 | 180 | +5.9% |
| 2 Bedrooms | 256 | 270 | +5.5% |
| 3 Bedrooms | 165 | 182 | +10.3% |
| 4 Bedrooms | 112 | 118 | +5.4% |
| 5+ Bedrooms | 49 | 49 | 0.0% |
Summary: The 20001 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.9%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 35 | 34 | -2.9% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20001, you may be able to get a good deal. 55.9% of homes here sold below asking price last month.
Summary: A total of 34 homes were sold or pending in 20001 in March 2024, down by 2.9% month-over-month. Of the 34 sold homes, 56% were sold under asking, 21% were sold at asking, and 24% were sold over asking.
Days on Market for 20001, DC
How long does it take to sell a home in 20001, DC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 34 Days | 41 Days | +22.6% |
Summary: Homes in 20001 had an average of 41 days on market in Mar 2024, up by 22.6% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20001 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 34 homes were sold in 20001; 53% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
