Is Benning Heights, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Benning Heights was a Seller's Market.
Key Takeaway
Benning Heights is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Benning Heights, DC
How much do homes in Benning Heights, DC cost?
Median Sold Price
$432,000
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Benning Heights have sold for 2.9% less than they did a year ago.
Summary: The median home sold price in Benning Heights was $432,000 in April 2024, down 2.9% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | $83K | -30.8% |
| 2 Bedrooms | $302.5K | $330K | +9.1% |
| 3 Bedrooms | $459.4K | $435K | -5.3% |
| 4 Bedrooms | $522.2K | $475K | -9.0% |
| 5+ Bedrooms | $450K | $568K | +26.2% |
Summary: Benning Heights housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30.8%, 2 bedroom homes increased by 9.1%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes decreased by 9%, and 5+ bedroom homes increased by 26.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Capitol View / Marshall Heights / Benning Heights | $445K | $433K | -2.7% |
| Benning Heights | $445K | $432K | -2.9% |
Housing Supply in Benning Heights, DC
How many homes are available in Benning Heights, DC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 45 | 48 | +6.7% |
Summary: The Benning Heights real estate market had 48 homes for sale in April 2024, a 6.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 13 | 11 | -15.4% |
| 3 Bedrooms | 19 | 22 | +15.8% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Benning Heights housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 15.4%, 3 bedroom homes increased by 15.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Benning Heights, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Benning Heights in April 2024, down by 42.9% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Benning Heights, DC
How long does it take to sell a home in Benning Heights, DC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 41 Days | 148 Days | +259.5% |
Summary: Homes in Benning Heights had an average of 148 days on market in Apr 2024, up by 259.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Benning Heights are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 4 homes were sold in Benning Heights; 25% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 75% of homes were sold over 90 days.
