Is Barney Circle / Hill East, DC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Barney Circle / Hill East is a buyer's market

Buyer's
Market

Difference Since June 2023

At the same time last year, Barney Circle / Hill East was a Seller's Market.

Key Takeaway

Barney Circle / Hill East is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Barney Circle / Hill East, DC

How much do homes in Barney Circle / Hill East, DC cost?

Median Sold Price

$798,000

$578/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

-$47,000(-5.6%)

Key Takeaway

Homes in Barney Circle / Hill East have sold for 5.6% less than they did a year ago.

Summary: The median home sold price in Barney Circle / Hill East was $798,000 in June 2024, down 5.6% from last year, and the median price per square foot was $578.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $352K$339K
-3.7%
2 $657.5K$740K
+12.5%
3 $925K$820K
-11.4%
4 $1.1M$1.1M
-2.5%
5+ $1.8M$2.3M
+27.8%

Summary: Barney Circle / Hill East housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.7%, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 11.4%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 27.8%.

Median Sold Price Compared To Nearby Neighborhoods

Lincoln Park
+21.3%
Kingman Park
+7.2%
Capitol Hill / Lincoln Park
+5.8%
NoMa / Stanton Park / Kingman Park
+5.2%
Barney Circle / Hill East
-5.6%

Housing Supply in Barney Circle / Hill East, DC

How many homes are available in Barney Circle / Hill East, DC?

Number of Homes For Sale

May 2024Jun 2024CHANGE
5057+14.0%

Summary: The Barney Circle / Hill East real estate market had 57 homes for sale in June 2024, a 14.0% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 811
+37.5%
2 1919
0.0%
3 1517
+13.3%
4 56
+20.0%
5+ 34
+33.3%

Summary: The Barney Circle / Hill East housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 37.5%, 2 bedroom homes remained the same, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

May 2024Jun 2024CHANGE
128-33.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Barney Circle / Hill East, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Barney Circle / Hill East in June 2024, down by 33.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% were sold over asking.

Days on Market for Barney Circle / Hill East, DC

How long does it take to sell a home in Barney Circle / Hill East, DC?

Average Sale Time

Jun 2023Jun 2024CHANGE
26 Days17 Days-34.3%

Summary: Homes in Barney Circle / Hill East had an average of 17 days on market in Jun 2024, down by 34.3% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Barney Circle / Hill East are selling fast, if you're buying plan to act quickly.

Summary: During June 2024, 8 homes were sold in Barney Circle / Hill East; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% 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 22 Days Ago

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