Is Capitol View / Marshall Heights / Benning Heights, 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 View / Marshall Heights / Benning Heights was a Neutral Market.
Key Takeaway
Capitol View / Marshall Heights / Benning Heights is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Capitol View / Marshall Heights / Benning Heights, DC
How much do homes in Capitol View / Marshall Heights / Benning Heights, DC cost?
Median Sold Price
$435,000
$255/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Capitol View / Marshall Heights / Benning Heights have sold for 1.7% less than they did a year ago.
Summary: The median home sold price in Capitol View / Marshall Heights / Benning Heights was $435,000 in March 2024, down 1.7% from last year, and the median price per square foot was $255.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | $81.5K | -32.1% |
| 2 Bedrooms | $282.5K | $330K | +16.8% |
| 3 Bedrooms | $460K | $447.5K | -2.7% |
| 4 Bedrooms | $518.5K | $477.5K | -7.9% |
| 5+ Bedrooms | $450K | $554K | +23.1% |
Summary: Capitol View / Marshall Heights / Benning Heights housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32.1%, 2 bedroom homes increased by 16.8%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes decreased by 7.9%, and 5+ bedroom homes increased by 23.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Benning Heights | $435K | $434K | -0.2% |
| Capitol View / Marshall Heights / Benning Heights | $442.5K | $435K | -1.7% |
Housing Supply in Capitol View / Marshall Heights / Benning Heights, DC
How many homes are available in Capitol View / Marshall Heights / Benning Heights, DC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 115 | 121 | +5.2% |
Summary: The Capitol View / Marshall Heights / Benning Heights real estate market had 121 homes for sale in March 2024, a 5.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 31 | 28 | -9.7% |
| 3 Bedrooms | 38 | 46 | +21.1% |
| 4 Bedrooms | 29 | 30 | +3.4% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The Capitol View / Marshall Heights / Benning Heights 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 decreased by 9.7%, 3 bedroom homes increased by 21.1%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 9 | -40.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Capitol View / Marshall Heights / Benning Heights, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Capitol View / Marshall Heights / Benning Heights in March 2024, down by 40.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% were sold over asking.
Days on Market for Capitol View / Marshall Heights / Benning Heights, DC
How long does it take to sell a home in Capitol View / Marshall Heights / Benning Heights, DC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 79 Days | 34 Days | -56.8% |
Summary: Homes in Capitol View / Marshall Heights / Benning Heights had an average of 34 days on market in Mar 2024, down by 56.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Capitol View / Marshall Heights / Benning Heights are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 9 homes were sold in Capitol View / Marshall Heights / Benning Heights; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
