Is Capitol Hill, 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 was a Seller's Market.
Key Takeaway
Capitol Hill is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Capitol Hill, DC
How much do homes in Capitol Hill, DC cost?
Median Sold Price
$867,500
$629/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Capitol Hill have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in Capitol Hill was $867,500 in March 2024, up 2.5% from last year, and the median price per square foot was $629.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $404.4K | $390.2K | -3.5% |
| 2 Bedrooms | $780K | $840K | +7.7% |
| 3 Bedrooms | $1.2M | $1.3M | +5.1% |
| 4 Bedrooms | $1.4M | $1.2M | -15.2% |
| 5+ Bedrooms | $2.3M | $2.6M | +9.8% |
Summary: Capitol Hill housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.5%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 5.1%, 4 bedroom homes decreased by 15.2%, and 5+ bedroom homes increased by 9.8%.
Median Sold Price Compared To Nearby Neighborhoods
| NoMa / Stanton Park / Kingman Park | $809.1K | $840K | +3.8% |
| Capitol Hill | $845.9K | $867.5K | +2.5% |
| Stanton Park | $1.0M | $1.0M | 0.0% |
| Capitol Hill / Lincoln Park | $891K | $855K | -4.0% |
| Lincoln Park | $1.1M | $990K | -10.4% |
Housing Supply in Capitol Hill, DC
How many homes are available in Capitol Hill, DC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 115 | 127 | +10.4% |
Summary: The Capitol Hill real estate market had 127 homes for sale in March 2024, a 10.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 38 | 43 | +13.2% |
| 2 Bedrooms | 33 | 37 | +12.1% |
| 3 Bedrooms | 21 | 21 | 0.0% |
| 4 Bedrooms | 16 | 18 | +12.5% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Capitol Hill housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13.2%, 2 bedroom homes increased by 12.1%, 3 bedroom homes remained the same, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 14 | +133.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Capitol Hill, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Capitol Hill in March 2024, up by 133.3% month-over-month. Of the 14 sold homes, 36% were sold under asking, 21% were sold at asking, and 43% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 25 Days | 23 Days | -7.1% |
Summary: Homes in Capitol Hill had an average of 23 days on market in Mar 2024, down by 7.1% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 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 March 2024, 14 homes were sold in Capitol Hill; 86% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
