Is Congress Heights / Bellevue / Washington Highlands, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Congress Heights / Bellevue / Washington Highlands has remained a Buyer's Market.
Housing Prices in Congress Heights / Bellevue / Washington Highlands, DC
How much do homes in Congress Heights / Bellevue / Washington Highlands, DC cost?
Median Sold Price
$403,000
$243/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Congress Heights / Bellevue / Washington Highlands was $403,000 in February 2024, down 1.7% from last year, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $151.9K | $142.5K | -6.2% |
2 Bedrooms | $227.5K | $265K | +16.5% |
3 Bedrooms | $425K | $400K | -5.9% |
4 Bedrooms | $465K | $450K | -3.2% |
5+ Bedrooms | $480K | $442.3K | -7.8% |
Summary: Congress Heights / Bellevue / Washington Highlands housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.2%, 2 bedroom homes increased by 16.5%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes decreased by 7.8%.
Median Sold Price Compared To Nearby Neighborhoods
Congress Heights | $420K | $413.5K | -1.5% |
Congress Heights / Bellevue / Washington Highlands | $410K | $403K | -1.7% |
Housing Supply in Congress Heights / Bellevue / Washington Highlands, DC
How many homes are available in Congress Heights / Bellevue / Washington Highlands, DC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
212 | 219 | +3.3% |
Summary: The Congress Heights / Bellevue / Washington Highlands real estate market had 219 homes for sale in February 2024, a 3.3% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 24 | 26 | +8.3% |
2 Bedrooms | 53 | 54 | +1.9% |
3 Bedrooms | 83 | 87 | +4.8% |
4 Bedrooms | 33 | 34 | +3.0% |
5+ Bedrooms | 19 | 18 | -5.3% |
Summary: The Congress Heights / Bellevue / Washington Highlands housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 3%, and 5+ bedroom homes decreased by 5.3%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
7 | 10 | +42.9% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Congress Heights / Bellevue / Washington Highlands in February 2024, up by 42.9% month-over-month. Of the 10 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Congress Heights / Bellevue / Washington Highlands, DC
How long does it take to sell a home in Congress Heights / Bellevue / Washington Highlands, DC?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
50 Days | 72 Days | +44.6% |
Summary: Homes in Congress Heights / Bellevue / Washington Highlands had an average of 72 days on market in Feb 2024, up by 44.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During February 2024, 10 homes were sold in Congress Heights / Bellevue / Washington Highlands; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.