Is 20020, 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, 20020 has remained a Buyer's Market.
Key Takeaway
20020 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 20020, DC
How much do homes in 20020, DC cost?
Median Sold Price
$417,000
$267/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in 20020 has remained the same since last year.
Summary: The median home sold price in 20020 was $417,000 in March 2024, down 0.2% from last year, and the median price per square foot was $267.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $131K | $85K | -35.1% |
| 2 Bedrooms | $270K | $255K | -5.6% |
| 3 Bedrooms | $430K | $425K | -1.2% |
| 4 Bedrooms | $549K | $500K | -8.9% |
| 5+ Bedrooms | $540K | $575K | +6.5% |
Summary: 20020 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35.1%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes decreased by 8.9%, and 5+ bedroom homes increased by 6.5%.
Housing Supply in 20020, DC
How many homes are available in 20020, DC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 429 | 432 | +0.7% |
Summary: The 20020 real estate market had 432 homes for sale in March 2024, a 0.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 32 | 33 | +3.1% |
| 2 Bedrooms | 122 | 118 | -3.3% |
| 3 Bedrooms | 160 | 166 | +3.8% |
| 4 Bedrooms | 96 | 95 | -1.0% |
| 5+ Bedrooms | 19 | 20 | +5.3% |
Summary: The 20020 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.1%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 5.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 35 | 15 | -57.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20020, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in 20020 in March 2024, down by 57.1% month-over-month. Of the 15 sold homes, 40% were sold under asking, 33% were sold at asking, and 27% were sold over asking.
Days on Market for 20020, DC
How long does it take to sell a home in 20020, DC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 59 Days | 36 Days | -39.0% |
Summary: Homes in 20020 had an average of 36 days on market in Mar 2024, down by 39% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20020 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 15 homes were sold in 20020; 67% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
