Is 20002, 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, 20002 has remained a Buyer's Market.
Housing Prices in 20002, DC
How much do homes in 20002, DC cost?
Median Sold Price
$700,000
$528/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 20002 was $700,000 in March 2024, down 3.4% from last year, and the median price per square foot was $528.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $348.7K | $372.4K | +6.8% |
2 Bedrooms | $600K | $577.5K | -3.8% |
3 Bedrooms | $762.5K | $777.4K | +2.0% |
4 Bedrooms | $1.0M | $1.0M | +3.3% |
5+ Bedrooms | $1.3M | $1.4M | +11.9% |
Summary: 20002 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.8%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 11.9%.
Housing Supply in 20002, DC
How many homes are available in 20002, DC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1,139 | 1,218 | +6.9% |
Summary: The 20002 real estate market had 1,218 homes for sale in March 2024, a 6.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 189 | 196 | +3.7% |
2 Bedrooms | 324 | 350 | +8.0% |
3 Bedrooms | 390 | 417 | +6.9% |
4 Bedrooms | 169 | 183 | +8.3% |
5+ Bedrooms | 67 | 72 | +7.5% |
Summary: The 20002 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.7%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 7.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
58 | 38 | -34.5% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 38 homes were sold or pending in 20002 in March 2024, down by 34.5% month-over-month. Of the 38 sold homes, 34% were sold under asking, 37% were sold at asking, and 29% were sold over asking.
Days on Market for 20002, DC
How long does it take to sell a home in 20002, DC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
32 Days | 50 Days | +58.3% |
Summary: Homes in 20002 had an average of 50 days on market in Mar 2024, up by 58.3% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 38 homes were sold in 20002; 63% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.