Is 20001, DC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 20001 is a buyer'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

# BEDSDec 2021Dec 2022%
1 $470K$458K
-2.6%
2 $685K$710.9K
+3.8%
3 $922K$905.1K
-1.8%
4 $1.1M$1.1M
+4.2%
5+ $1.2M$1.7M
+38.8%

Median Sold Price Compared To Nearby Zip Codes

20001
-0.3%
20005
-4.8%

How many homes are available in 20001, DC?

Number of Homes For Sale

Nov 2022Dec 2022%
423415-1.9%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 124120
-3.2%
2 126127
+0.8%
3 9894
-4.1%
4 5047
-6.0%
5+ 2527
+8.0%

Number of Homes Sold

Nov 2022Dec 2022%
3531-11.4%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2021Dec 2022%
30 Days45 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in 20001 are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About 20001, DC

20001, DC has 415 homes on the market. Between November 2022 and December 2022, 20001, DC real estate market has seen decrease in the number of listings by 1.9%. The median list price of listings available in December 2022 was $734,166, while the average time on the real estate market was 45 days. Real estate listing prices changed between November 2022 and December 2022: 1 bedroom properties prices decreased by 2.6%, the cost of 2 bedrooms properties went up by 3.8%, the cost of 3 bedrooms properties went down by 1.8%, 4 bedrooms properties prices increased by 4.2%, prices of 5 bedrooms properties went up by 38.8%. Volume of homes for sale changed: volume of 1 bedroom homes went down by 3.2%, 2 bedrooms homes became 0.8% more available, number of 3 bedrooms homes decreased by 4.1%, the quantity of 4 bedrooms homes went down by 6%, 5 bedrooms homes inventory increased by 8%. In December 2022, from all listings sold in 20001, DC there were more than 6 sold above asking price, over 24 sold below and more than 1 were sold right at the asked price.

Popular Cities with Homes for Sale in District of Columbia