Is 20024, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 20024 was a Neutral Market.
Housing Prices in 20024, DC
How much do homes in 20024, DC cost?
Median Sold Price
$485,000
$488/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 20024 was $485,000 in March 2024, up 2.1% from last year, and the median price per square foot was $488.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $340K | $335K | -1.5% |
2 Bedrooms | $532K | $565K | +6.2% |
3 Bedrooms | $912.5K | $735.5K | -19.4% |
4 Bedrooms | $1.1M | $1.1M | +2.0% |
5+ Bedrooms | - | - | N/A |
Summary: 20024 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.5%, 2 bedroom homes increased by 6.2%, 3 bedroom homes decreased by 19.4%, 4 bedroom homes increased by 2%, and 5+ bedroom homes did not change.
Housing Supply in 20024, DC
How many homes are available in 20024, DC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
195 | 202 | +3.6% |
Summary: The 20024 real estate market had 202 homes for sale in March 2024, a 3.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 75 | 80 | +6.7% |
2 Bedrooms | 70 | 72 | +2.9% |
3 Bedrooms | 33 | 33 | 0.0% |
4 Bedrooms | 16 | 16 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 20024 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.7%, 2 bedroom homes increased by 2.9%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 3 | -70.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in 20024 in March 2024, down by 70.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for 20024, DC
How long does it take to sell a home in 20024, DC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
65 Days | 32 Days | -50.3% |
Summary: Homes in 20024 had an average of 32 days on market in Mar 2024, down by 50.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in 20024; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.