Is 20019, DC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 20019 is a buyer's market

Buyer's
Market

Difference Since February 2023

Since last year, 20019 has remained a Buyer's Market.

Key Takeaway

20019 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 20019, DC

How much do homes in 20019, DC cost?

Median Sold Price

$409,650

$280/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$10,350(-2.5%)

Key Takeaway

Homes in 20019 have sold for 2.5% less than they did a year ago.

Summary: The median home sold price in 20019 was $409,650 in February 2024, down 2.5% from last year, and the median price per square foot was $280.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $120K$83K
-30.8%
2 $360K$325K
-9.7%
3 $427.4K$425K
-0.6%
4 $524K$489K
-6.7%
5+ $600K$540K
-10.0%

Summary: 20019 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30.8%, 2 bedroom homes decreased by 9.7%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes decreased by 10%.

Median Sold Price Compared To Nearby Zip Codes

20743
+1.0%
20020
-0.8%
20019
-2.5%
20018
-4.9%
20002
-6.8%

Housing Supply in 20019, DC

How many homes are available in 20019, DC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
430450+4.7%

Summary: The 20019 real estate market had 450 homes for sale in February 2024, a 4.7% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 1717
0.0%
2 106121
+14.2%
3 171168
-1.8%
4 8896
+9.1%
5+ 4848
0.0%

Summary: The 20019 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.2%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2529+16.0%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 20019, you may be able to get a good deal. 44.8% of homes here sold below asking price last month.

Summary: A total of 29 homes were sold or pending in 20019 in February 2024, up by 16.0% month-over-month. Of the 29 sold homes, 45% were sold under asking, 38% were sold at asking, and 17% were sold over asking.

Days on Market for 20019, DC

How long does it take to sell a home in 20019, DC?

Average Sale Time

Feb 2023Feb 2024CHANGE
66 Days71 Days+7.2%

Summary: Homes in 20019 had an average of 71 days on market in Feb 2024, up by 7.2% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 20019 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 29 homes were sold in 20019; 41% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

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