Is 20011, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 20011 has remained a Buyer's Market.
Housing Prices in 20011, DC
How much do homes in 20011, DC cost?
Median Sold Price
$685,377
$425/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 20011 was $685,377 in March 2024, down 5.6% from last year, and the median price per square foot was $425.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $281.5K | $270.7K | -3.8% |
2 Bedrooms | $495K | $437.5K | -11.6% |
3 Bedrooms | $705.7K | $659.5K | -6.5% |
4 Bedrooms | $870K | $830K | -4.6% |
5+ Bedrooms | $1.3M | $1.3M | +2.6% |
Summary: 20011 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.8%, 2 bedroom homes decreased by 11.6%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes increased by 2.6%.
Housing Supply in 20011, DC
How many homes are available in 20011, DC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
876 | 924 | +5.5% |
Summary: The 20011 real estate market had 924 homes for sale in March 2024, a 5.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 99 | 105 | +6.1% |
2 Bedrooms | 191 | 206 | +7.9% |
3 Bedrooms | 248 | 261 | +5.2% |
4 Bedrooms | 235 | 244 | +3.8% |
5+ Bedrooms | 103 | 108 | +4.9% |
Summary: The 20011 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.1%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 4.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
38 | 35 | -7.9% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in 20011 in March 2024, down by 7.9% month-over-month. Of the 35 sold homes, 49% were sold under asking, 23% were sold at asking, and 29% were sold over asking.
Days on Market for 20011, DC
How long does it take to sell a home in 20011, DC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
36 Days | 32 Days | -11.5% |
Summary: Homes in 20011 had an average of 32 days on market in Mar 2024, down by 11.5% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 35 homes were sold in 20011; 69% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.