Is 20018, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 20018 has remained a Seller's Market.
Key Takeaway
20018 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20018, DC
How much do homes in 20018, DC cost?
Median Sold Price
$560,000
$349/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 20018 have sold for 6.7% less than they did a year ago.
Summary: The median home sold price in 20018 was $560,000 in April 2024, down 6.7% from last year, and the median price per square foot was $349.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $259K | $314.9K | +21.6% |
| 2 Bedrooms | $365K | $430K | +17.8% |
| 3 Bedrooms | $565K | $557.5K | -1.3% |
| 4 Bedrooms | $799.9K | $725K | -9.4% |
| 5+ Bedrooms | $1.0M | $915K | -10.7% |
Summary: 20018 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.6%, 2 bedroom homes increased by 17.8%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes decreased by 10.7%.
Housing Supply in 20018, DC
How many homes are available in 20018, DC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 89 | 100 | +12.4% |
Summary: The 20018 real estate market had 100 homes for sale in April 2024, a 12.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 26 | 28 | +7.7% |
| 3 Bedrooms | 26 | 21 | -19.2% |
| 4 Bedrooms | 22 | 29 | +31.8% |
| 5+ Bedrooms | 14 | 19 | +35.7% |
Summary: The 20018 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 7.7%, 3 bedroom homes decreased by 19.2%, 4 bedroom homes increased by 31.8%, and 5+ bedroom homes increased by 35.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 18 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20018, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 18 homes were sold or pending in 20018 in April 2024, the same as the previous month. Of the 18 sold homes, 28% were sold under asking, 50% were sold at asking, and 22% were sold over asking.
Days on Market for 20018, DC
How long does it take to sell a home in 20018, DC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 67 Days | 18 Days | -72.6% |
Summary: Homes in 20018 had an average of 18 days on market in Apr 2024, down by 72.6% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20018 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 18 homes were sold in 20018; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
