$4,928 Closing Credit*
$415,000
632 SqFt
1 Bed
•1 Full Bath
Mirjana Stanisavljev, Listing Office: Long & Foster Real Estate, Inc.
Is 20003, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, 20003 has remained a Seller's Market.
Key Takeaway
20003 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20003, DC
How much do homes in 20003, DC cost?
Median Sold Price
$848,333
$615/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$59,583(+7.6%)
Key Takeaway
Homes in 20003 have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in 20003 was $848,333 in August 2024, up 7.6% from last year, and the median price per square foot was $615.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $400.9K | $390K | -2.7% |
| 2 Bedrooms | $740K | $750K | +1.4% |
| 3 Bedrooms | $1.0M | $937K | -6.9% |
| 4 Bedrooms | $1.2M | $1.2M | +5.5% |
| 5+ Bedrooms | $2.1M | $1.6M | -21.2% |
Summary: 20003 housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.7%, 2 bedroom homes increased by 1.4%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes decreased by 21.2%.
Housing Supply in 20003, DC
How many homes are available in 20003, DC?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 160 | 160 | 0.0% |
Summary: The 20003 real estate market had 160 homes for sale in August 2024, the same as July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 34 | 34 | 0.0% |
| 2 Bedrooms | 52 | 55 | +5.8% |
| 3 Bedrooms | 40 | 38 | -5.0% |
| 4 Bedrooms | 24 | 24 | 0.0% |
| 5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The 20003 housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5.8%, 3 bedroom homes decreased by 5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 29 | 38 | +31.0% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20003, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 38 homes were sold or pending in 20003 in August 2024, up by 31.0% month-over-month. Of the 38 sold homes, 50% were sold under asking, 26% were sold at asking, and 24% 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
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 30 Days | 36 Days | +20.0% |
Summary: Homes in 20003 had an average of 36 days on market in Aug 2024, up by 20% compared to last year.
Breakdown of Home Sale Times
22 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 20003 are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 38 homes were sold in 20003; 58% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
