Is 20003, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 20003 was a Seller's Market.
Key Takeaway
20003 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 20003, DC
How much do homes in 20003, DC cost?
Median Sold Price
$835,000
$612/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 20003 have sold for 2.3% less than they did a year ago.
Summary: The median home sold price in 20003 was $835,000 in April 2024, down 2.3% from last year, and the median price per square foot was $612.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $390.7K | $405K | +3.6% |
| 2 Bedrooms | $750K | $759.9K | +1.3% |
| 3 Bedrooms | $1.0M | $963K | -10.4% |
| 4 Bedrooms | $1.3M | $1.2M | -2.7% |
| 5+ Bedrooms | $1.9M | $2.3M | +17.9% |
Summary: 20003 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.6%, 2 bedroom homes increased by 1.3%, 3 bedroom homes decreased by 10.4%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes increased by 17.9%.
Housing Supply in 20003, DC
How many homes are available in 20003, DC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 144 | 175 | +21.5% |
Summary: The 20003 real estate market had 175 homes for sale in April 2024, a 21.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 27 | 39 | +44.4% |
| 2 Bedrooms | 44 | 60 | +36.4% |
| 3 Bedrooms | 34 | 31 | -8.8% |
| 4 Bedrooms | 29 | 31 | +6.9% |
| 5+ Bedrooms | 10 | 14 | +40.0% |
Summary: The 20003 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 44.4%, 2 bedroom homes increased by 36.4%, 3 bedroom homes decreased by 8.8%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 34 | 28 | -17.6% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20003, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in 20003 in April 2024, down by 17.6% month-over-month. Of the 28 sold homes, 43% were sold under asking, 21% were sold at asking, and 36% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 25 Days | 21 Days | -17.8% |
Summary: Homes in 20003 had an average of 21 days on market in Apr 2024, down by 17.8% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 20003 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 28 homes were sold in 20003; 75% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
