$7,005 Closing Credit*
$589,900
870 SqFt
2 Beds
•2 Full Baths
Chelsea Lanise Traylor, Listing Office: Redfin Corp
Is Capitol Hill, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Capitol Hill was a Seller's Market.
Key Takeaway
Capitol Hill is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Capitol Hill, DC
How much do homes in Capitol Hill, DC cost?
Median Sold Price
$983,500
$643/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$123,500(+14.4%)
Key Takeaway
Homes in Capitol Hill have sold for 14.4% more than they did a year ago.
Summary: The median home sold price in Capitol Hill was $983,500 in November 2024, up 14.4% from last year, and the median price per square foot was $643.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $383.5K | $390.2K | +1.8% |
| 2 Bedrooms | $855K | $855K | 0.0% |
| 3 Bedrooms | $1.3M | $1.3M | -0.8% |
| 4 Bedrooms | $1.2M | $1.3M | +9.2% |
| 5+ Bedrooms | $2.8M | $1.7M | -38.8% |
Summary: Capitol Hill housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.8%, 2 bedroom homes did not change, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes decreased by 38.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Capitol Hill | $860K | $983.5K | +14.4% |
| Lincoln Park | $980K | $1.0M | +7.8% |
| NoMa / Stanton Park / Kingman Park | $825K | $854.6K | +3.6% |
| Capitol Hill / Lincoln Park | $875K | $901.8K | +3.1% |
| Stanton Park | $1.0M | $922.5K | -7.8% |
Housing Supply in Capitol Hill, DC
How many homes are available in Capitol Hill, DC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 49 | 52 | +6.1% |
Summary: The Capitol Hill real estate market had 52 homes for sale in November 2024, a 6.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 19 | 18 | -5.3% |
| 2 Bedrooms | 10 | 16 | +60.0% |
| 3 Bedrooms | 12 | 10 | -16.7% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The Capitol Hill housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 5.3%, 2 bedroom homes increased by 60%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 200%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Capitol Hill, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Capitol Hill in November 2024, up by 14.3% month-over-month. Of the 8 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Capitol Hill, DC
How long does it take to sell a home in Capitol Hill, DC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 16 Days | -33.2% |
Summary: Homes in Capitol Hill had an average of 16 days on market in Nov 2024, down by 33.2% 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
Key Takeaway
Many homes in Capitol Hill are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in Capitol Hill; 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.
