Is 20019, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, 20019 has remained a Buyer's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | $83K | -30.8% |
2 Bedrooms | $360K | $325K | -9.7% |
3 Bedrooms | $427.4K | $425K | -0.6% |
4 Bedrooms | $524K | $489K | -6.7% |
5+ Bedrooms | $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%.
Housing Supply in 20019, DC
How many homes are available in 20019, DC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
430 | 450 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 17 | 17 | 0.0% |
2 Bedrooms | 106 | 121 | +14.2% |
3 Bedrooms | 171 | 168 | -1.8% |
4 Bedrooms | 88 | 96 | +9.1% |
5+ Bedrooms | 48 | 48 | 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 2024 | Feb 2024 | CHANGE |
---|---|---|
25 | 29 | +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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
66 Days | 71 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
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.