Is Central Northeast, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Central Northeast was a Neutral Market.
Key Takeaway
Central Northeast is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Central Northeast, DC
How much do homes in Central Northeast, DC cost?
Median Sold Price
$353,750
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Central Northeast have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in Central Northeast was $353,750 in April 2024, up 10.5% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $141.9K | $225K | +58.6% |
| 2 Bedrooms | $287.5K | $225K | -21.7% |
| 3 Bedrooms | $320K | $399.5K | +24.8% |
| 4 Bedrooms | $505K | $464.5K | -8.0% |
| 5+ Bedrooms | $685K | $600K | -12.4% |
Summary: Central Northeast housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 58.6%, 2 bedroom homes decreased by 21.7%, 3 bedroom homes increased by 24.8%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes decreased by 12.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Central Northeast | $320K | $353.7K | +10.5% |
| Mayfair / Central Northeast | $374.9K | $399.3K | +6.5% |
| Deanwood | $400K | $380.9K | -4.8% |
Housing Supply in Central Northeast, DC
How many homes are available in Central Northeast, DC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 22 | +22.2% |
Summary: The Central Northeast real estate market had 22 homes for sale in April 2024, a 22.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 6 | 10 | +66.7% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Central Northeast housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 0 | 3 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Central Northeast, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Central Northeast in April 2024, up by 100.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Central Northeast, DC
How long does it take to sell a home in Central Northeast, DC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 61 Days | 46 Days | -24.1% |
Summary: Homes in Central Northeast had an average of 46 days on market in Apr 2024, down by 24.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Central Northeast has remained consistent over time.
Summary: During April 2024, 3 homes were sold in Central Northeast; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
