Is Bloomingdale, 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, Bloomingdale has remained a Buyer's Market.
Housing Prices in Bloomingdale, DC
How much do homes in Bloomingdale, DC cost?
Median Sold Price
$949,000
$498/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Bloomingdale was $949,000 in March 2024, up 14.1% from last year, and the median price per square foot was $498.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $360K | $405K | +12.5% |
2 Bedrooms | $590K | $585K | -0.8% |
3 Bedrooms | $812.5K | $870K | +7.1% |
4 Bedrooms | $1.0M | $1.1M | +1.6% |
5+ Bedrooms | $1.3M | $1.3M | -5.5% |
Summary: Bloomingdale housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.5%, 2 bedroom homes decreased by 0.8%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes decreased by 5.5%.
Median Sold Price Compared To Nearby Neighborhoods
Bloomingdale | $832K | $949K | +14.1% |
LeDroit Park | $829K | $863.5K | +4.2% |
Edgewood / Bloomingdale / Truxton Circle / Eckington | $739.5K | $750K | +1.4% |
Pleasant Plains / LeDroit Park | $737.8K | $730.5K | -1.0% |
Housing Supply in Bloomingdale, DC
How many homes are available in Bloomingdale, DC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
119 | 128 | +7.6% |
Summary: The Bloomingdale real estate market had 128 homes for sale in March 2024, a 7.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 10 | 0.0% |
2 Bedrooms | 25 | 27 | +8.0% |
3 Bedrooms | 36 | 44 | +22.2% |
4 Bedrooms | 29 | 26 | -10.3% |
5+ Bedrooms | 19 | 21 | +10.5% |
Summary: The Bloomingdale housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 22.2%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes increased by 10.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 4 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Bloomingdale in March 2024, down by 33.3% month-over-month. Of the 4 sold homes, 0% were sold under asking, 75% were sold at asking, and 25% were sold over asking.
Days on Market for Bloomingdale, DC
How long does it take to sell a home in Bloomingdale, DC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
25 Days | 12 Days | -52.2% |
Summary: Homes in Bloomingdale had an average of 12 days on market in Mar 2024, down by 52.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in Bloomingdale; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.