Is 20001, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2021
At the same time last year, 20001 was a Seller's Market.
Key Takeaway
20001 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
How much do homes in 20001, DC cost?
Median Sold Price
$734,166
$619/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2021
-$2,464(-0.3%)
Key Takeaway
The sold price of homes in 20001 has remained the same since last year.
Median Sold Price By Bedroom Count
| # BEDS | Dec 2021 | Dec 2022 | % |
|---|---|---|---|
| 1 Bedroom | $470K | $458K | -2.6% |
| 2 Bedrooms | $685K | $710.9K | +3.8% |
| 3 Bedrooms | $922K | $905.1K | -1.8% |
| 4 Bedrooms | $1.1M | $1.1M | +4.2% |
| 5+ Bedrooms | $1.2M | $1.7M | +38.8% |
Median Sold Price Compared To Nearby Zip Codes
| 20001 | $736.6K | $734.1K | -0.3% |
| 20005 | $630K | $600K | -4.8% |
How many homes are available in 20001, DC?
Number of Homes For Sale
| Nov 2022 | Dec 2022 | % |
|---|---|---|
| 423 | 415 | -1.9% |
Homes For Sale By Bedroom Count
| # BEDS | Nov 2022 | Dec 2022 | % |
|---|---|---|---|
| 1 Bedroom | 124 | 120 | -3.2% |
| 2 Bedrooms | 126 | 127 | +0.8% |
| 3 Bedrooms | 98 | 94 | -4.1% |
| 4 Bedrooms | 50 | 47 | -6.0% |
| 5+ Bedrooms | 25 | 27 | +8.0% |
Number of Homes Sold
| Nov 2022 | Dec 2022 | % |
|---|---|---|
| 35 | 31 | -11.4% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20001, you may be able to get a good deal. 77.4% of homes here sold below asking price last month.
Average Sale Time
| Dec 2021 | Dec 2022 | % |
|---|---|---|
| 30 Days | 45 Days | +49.7% |
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20001 are selling fast, if you're buying plan to act quickly.
