Is 20003, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 20003 was a Seller's Market.
Housing Prices in 20003, DC
How much do homes in 20003, DC cost?
Median Sold Price
$825,000
$613/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 20003 was $825,000 in March 2024, down 4.1% from last year, and the median price per square foot was $613.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $399.9K | $399.9K | 0% |
2 Bedrooms | $749.5K | $765K | +2.1% |
3 Bedrooms | $1.0M | $960K | -10.7% |
4 Bedrooms | $1.3M | $1.2M | -9.1% |
5+ Bedrooms | $2.0M | $1.8M | -10.6% |
Summary: 20003 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.1%, 3 bedroom homes decreased by 10.7%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 10.6%.
Housing Supply in 20003, DC
How many homes are available in 20003, DC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
386 | 432 | +11.9% |
Summary: The 20003 real estate market had 432 homes for sale in March 2024, a 11.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 82 | 93 | +13.4% |
2 Bedrooms | 138 | 153 | +10.9% |
3 Bedrooms | 95 | 95 | 0.0% |
4 Bedrooms | 57 | 74 | +29.8% |
5+ Bedrooms | 14 | 17 | +21.4% |
Summary: The 20003 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13.4%, 2 bedroom homes increased by 10.9%, 3 bedroom homes remained the same, 4 bedroom homes increased by 29.8%, and 5+ bedroom homes increased by 21.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 33 | +73.7% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in 20003 in March 2024, up by 73.7% month-over-month. Of the 33 sold homes, 42% were sold under asking, 24% were sold at asking, and 33% were sold over asking.
Days on Market for 20003, DC
How long does it take to sell a home in 20003, DC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
29 Days | 32 Days | +12.9% |
Summary: Homes in 20003 had an average of 32 days on market in Mar 2024, up by 12.9% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 33 homes were sold in 20003; 70% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.