Is 20007, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, 20007 was a Neutral Market.
Housing Prices in 20007, DC
How much do homes in 20007, DC cost?
Median Sold Price
$1,299,166
$696/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 20007 was $1,299,166 in February 2024, up 10.9% from last year, and the median price per square foot was $696.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $362K | $374K | +3.3% |
2 Bedrooms | $701K | $875K | +24.8% |
3 Bedrooms | $1.3M | $1.4M | +11.4% |
4 Bedrooms | $1.8M | $1.8M | +1.5% |
5+ Bedrooms | $2.9M | $2.8M | -4.7% |
Summary: 20007 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.3%, 2 bedroom homes increased by 24.8%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes decreased by 4.7%.
Housing Supply in 20007, DC
How many homes are available in 20007, DC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
264 | 298 | +12.9% |
Summary: The 20007 real estate market had 298 homes for sale in February 2024, a 12.9% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 53 | 62 | +17.0% |
2 Bedrooms | 58 | 67 | +15.5% |
3 Bedrooms | 61 | 65 | +6.6% |
4 Bedrooms | 39 | 44 | +12.8% |
5+ Bedrooms | 53 | 60 | +13.2% |
Summary: The 20007 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 17%, 2 bedroom homes increased by 15.5%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 13.2%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
22 | 23 | +4.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in 20007 in February 2024, up by 4.5% month-over-month. Of the 23 sold homes, 52% were sold under asking, 22% were sold at asking, and 26% were sold over asking.
Days on Market for 20007, DC
How long does it take to sell a home in 20007, DC?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
42 Days | 31 Days | -26.1% |
Summary: Homes in 20007 had an average of 31 days on market in Feb 2024, down by 26.1% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 23 homes were sold in 20007; 65% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.