Is Colonial Village / Shepherd Park / North Portal Estates, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Colonial Village / Shepherd Park / North Portal Estates has remained a Seller's Market.
Key Takeaway
Colonial Village / Shepherd Park / North Portal Estates is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Colonial Village / Shepherd Park / North Portal Estates, DC
How much do homes in Colonial Village / Shepherd Park / North Portal Estates, DC cost?
Median Sold Price
$1,350,000
$446/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Colonial Village / Shepherd Park / North Portal Estates have sold for 4.7% more than they did a month ago.
Summary: The median home sold price in Colonial Village / Shepherd Park / North Portal Estates was $1,350,000 in April 2024, up 4.7% from last month, and the median price per square foot was $446.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $1.3M | $1.2M | -7.4% |
| 4 Bedrooms | $1.3M | $1.2M | -5.6% |
| 5+ Bedrooms | $1.1M | $1.8M | +66.3% |
Summary: Colonial Village / Shepherd Park / North Portal Estates housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 7.4%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 66.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Shepherd Park | $1.2M | $1.4M | +10.5% |
| Colonial Village / Shepherd Park / North Portal Estates | $1.2M | $1.3M | +4.7% |
| Colonial Village | $1.4M | $1.2M | -12.6% |
Housing Supply in Colonial Village / Shepherd Park / North Portal Estates, DC
How many homes are available in Colonial Village / Shepherd Park / North Portal Estates, DC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 23 | +4.5% |
Summary: The Colonial Village / Shepherd Park / North Portal Estates real estate market had 23 homes for sale in April 2024, a 4.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Colonial Village / Shepherd Park / North Portal Estates housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Colonial Village / Shepherd Park / North Portal Estates, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Colonial Village / Shepherd Park / North Portal Estates in April 2024, down by 20.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Colonial Village / Shepherd Park / North Portal Estates, DC
How long does it take to sell a home in Colonial Village / Shepherd Park / North Portal Estates, DC?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 26 Days | 30 Days | +16.4% |
Summary: Homes in Colonial Village / Shepherd Park / North Portal Estates had an average of 30 days on market in Apr 2024, up by 16.4% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Colonial Village / Shepherd Park / North Portal Estates are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Colonial Village / Shepherd Park / North Portal Estates; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
