Is Capitol Hill / Lincoln Park, 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, Capitol Hill / Lincoln Park was a Seller's Market.
Housing Prices in Capitol Hill / Lincoln Park, DC
How much do homes in Capitol Hill / Lincoln Park, DC cost?
Median Sold Price
$855,000
$609/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Capitol Hill / Lincoln Park was $855,000 in March 2024, down 4% from last year, and the median price per square foot was $609.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $407K | $395.2K | -2.9% |
2 Bedrooms | $749K | $772.5K | +3.1% |
3 Bedrooms | $1.0M | $954K | -11.3% |
4 Bedrooms | $1.3M | $1.2M | -8.5% |
5+ Bedrooms | $1.9M | $1.8M | -1.1% |
Summary: Capitol Hill / Lincoln Park housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.9%, 2 bedroom homes increased by 3.1%, 3 bedroom homes decreased by 11.3%, 4 bedroom homes decreased by 8.5%, and 5+ bedroom homes decreased by 1.1%.
Median Sold Price Compared To Nearby Neighborhoods
Stanton Park | $1.0M | $1.0M | 0.0% |
Capitol Hill / Lincoln Park | $891K | $855K | -4.0% |
Barney Circle / Hill East | $859K | $800K | -6.9% |
Lincoln Park | $1.1M | $990K | -10.4% |
Near Southeast | $727K | $561K | -22.8% |
Housing Supply in Capitol Hill / Lincoln Park, DC
How many homes are available in Capitol Hill / Lincoln Park, DC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
317 | 355 | +12.0% |
Summary: The Capitol Hill / Lincoln Park real estate market had 355 homes for sale in March 2024, a 12.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 56 | 65 | +16.1% |
2 Bedrooms | 98 | 107 | +9.2% |
3 Bedrooms | 96 | 98 | +2.1% |
4 Bedrooms | 53 | 67 | +26.4% |
5+ Bedrooms | 14 | 18 | +28.6% |
Summary: The Capitol Hill / Lincoln Park housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.1%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 26.4%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 30 | +76.5% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in Capitol Hill / Lincoln Park in March 2024, up by 76.5% month-over-month. Of the 30 sold homes, 37% were sold under asking, 27% were sold at asking, and 37% were sold over asking.
Days on Market for Capitol Hill / Lincoln Park, DC
How long does it take to sell a home in Capitol Hill / Lincoln Park, DC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
23 Days | 29 Days | +25.7% |
Summary: Homes in Capitol Hill / Lincoln Park had an average of 29 days on market in Mar 2024, up by 25.7% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 30 homes were sold in Capitol Hill / Lincoln Park; 73% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.