Is 20017, 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, 20017 was a Seller's Market.
Key Takeaway
20017 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 20017, DC
How much do homes in 20017, DC cost?
Median Sold Price
$655,000
$413/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 20017 have sold for 0.8% more than they did a year ago.
Summary: The median home sold price in 20017 was $655,000 in April 2024, up 0.8% from last year, and the median price per square foot was $413.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $239K | $236K | -1.3% |
| 2 Bedrooms | $435K | $494.5K | +13.7% |
| 3 Bedrooms | $667.2K | $696.5K | +4.4% |
| 4 Bedrooms | $810K | $868K | +7.2% |
| 5+ Bedrooms | $932.1K | $1.2M | +29.9% |
Summary: 20017 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.3%, 2 bedroom homes increased by 13.7%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 29.9%.
Housing Supply in 20017, DC
How many homes are available in 20017, DC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 89 | 103 | +15.7% |
Summary: The 20017 real estate market had 103 homes for sale in April 2024, a 15.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 8 | -11.1% |
| 2 Bedrooms | 17 | 15 | -11.8% |
| 3 Bedrooms | 33 | 51 | +54.5% |
| 4 Bedrooms | 22 | 21 | -4.5% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The 20017 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes decreased by 11.8%, 3 bedroom homes increased by 54.5%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 23 | 11 | -52.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20017, you may be able to get a good deal. 36.4% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 20017 in April 2024, down by 52.2% month-over-month. Of the 11 sold homes, 36% were sold under asking, 36% were sold at asking, and 27% were sold over asking.
Days on Market for 20017, DC
How long does it take to sell a home in 20017, DC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 41 Days | 33 Days | -19.8% |
Summary: Homes in 20017 had an average of 33 days on market in Apr 2024, down by 19.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20017 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 11 homes were sold in 20017; 55% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
