Is 20005, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, 20005 has remained a Buyer's Market.
Housing Prices in 20005, DC
How much do homes in 20005, DC cost?
Median Sold Price
$639,000
$669/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 20005 was $639,000 in February 2024, up 7.8% from last year, and the median price per square foot was $669.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $474.9K | $430K | -9.5% |
2 Bedrooms | $732.5K | $777.4K | +6.1% |
3 Bedrooms | $1.5M | $1.1M | -25.1% |
4 Bedrooms | $2.1M | $1.8M | -17.2% |
5+ Bedrooms | $1.9M | $1.6M | -16.0% |
Summary: 20005 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.5%, 2 bedroom homes increased by 6.1%, 3 bedroom homes decreased by 25.1%, 4 bedroom homes decreased by 17.2%, and 5+ bedroom homes decreased by 16%.
Median Sold Price Compared To Nearby Zip Codes
20005 | $592.5K | $639K | +7.8% |
20001 | $729.5K | $725K | -0.6% |
Housing Supply in 20005, DC
How many homes are available in 20005, DC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
163 | 163 | 0.0% |
Summary: The 20005 real estate market had 163 homes for sale in February 2024, the same as January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 57 | 61 | +7.0% |
2 Bedrooms | 75 | 73 | -2.7% |
3 Bedrooms | 14 | 12 | -14.3% |
4 Bedrooms | 7 | 7 | 0.0% |
5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The 20005 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7%, 2 bedroom homes decreased by 2.7%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
13 | 5 | -61.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in 20005 in February 2024, down by 61.5% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for 20005, DC
How long does it take to sell a home in 20005, DC?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
73 Days | 33 Days | -54.6% |
Summary: Homes in 20005 had an average of 33 days on market in Feb 2024, down by 54.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 5 homes were sold in 20005; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.