Is Congress Heights, 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, Congress Heights has remained a Buyer's Market.
Housing Prices in Congress Heights, DC
How much do homes in Congress Heights, DC cost?
Median Sold Price
$270,000
$184/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in Congress Heights was $270,000 in March 2024, down 27.3% from last month, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $142.5K | - | N/A |
2 Bedrooms | $318.1K | $178K | -44.0% |
3 Bedrooms | - | $270K | N/A |
4 Bedrooms | $589.9K | $407.5K | -30.9% |
5+ Bedrooms | $412K | $230K | -44.2% |
Summary: Congress Heights housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 44%, 3 bedroom homes did not change, 4 bedroom homes decreased by 30.9%, and 5+ bedroom homes decreased by 44.2%.
Housing Supply in Congress Heights, DC
How many homes are available in Congress Heights, DC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
110 | 118 | +7.3% |
Summary: The Congress Heights real estate market had 118 homes for sale in March 2024, a 7.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 12 | 12 | 0.0% |
2 Bedrooms | 17 | 17 | 0.0% |
3 Bedrooms | 43 | 50 | +16.3% |
4 Bedrooms | 26 | 28 | +7.7% |
5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The Congress 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 remained the same, 3 bedroom homes increased by 16.3%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 5 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Congress Heights in March 2024, the same as the previous month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Congress Heights, DC
How long does it take to sell a home in Congress Heights, DC?
Average Sale Time
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
61 Days | 46 Days | -23.9% |
Summary: Homes in Congress Heights had an average of 46 days on market in Mar 2024, down by 23.9% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Congress Heights; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.