Is 20012, 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, 20012 has remained a Buyer's Market.
Housing Prices in 20012, DC
How much do homes in 20012, DC cost?
Median Sold Price
$705,000
$382/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 20012 was $705,000 in March 2024, down 17.1% from last year, and the median price per square foot was $382.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $272.5K | $342.4K | +25.7% |
2 Bedrooms | $535K | $541.5K | +1.2% |
3 Bedrooms | $635K | $676.1K | +6.5% |
4 Bedrooms | $932.5K | $1.0M | +8.3% |
5+ Bedrooms | $1.0M | $1.2M | +20.0% |
Summary: 20012 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.7%, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 20%.
Housing Supply in 20012, DC
How many homes are available in 20012, DC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
137 | 144 | +5.1% |
Summary: The 20012 real estate market had 144 homes for sale in March 2024, a 5.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 24 | 26 | +8.3% |
2 Bedrooms | 32 | 33 | +3.1% |
3 Bedrooms | 38 | 37 | -2.6% |
4 Bedrooms | 21 | 25 | +19.0% |
5+ Bedrooms | 22 | 23 | +4.5% |
Summary: The 20012 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 3.1%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 19%, and 5+ bedroom homes increased by 4.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 7 | -22.2% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in 20012 in March 2024, down by 22.2% month-over-month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.
Days on Market for 20012, DC
How long does it take to sell a home in 20012, DC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
21 Days | 26 Days | +25.2% |
Summary: Homes in 20012 had an average of 26 days on market in Mar 2024, up by 25.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 7 homes were sold in 20012; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.