Is Deanwood, 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, Deanwood has remained a Buyer's Market.
Housing Prices in Deanwood, DC
How much do homes in Deanwood, DC cost?
Median Sold Price
$390,000
$302/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Deanwood was $390,000 in February 2024, down 6% from last year, and the median price per square foot was $302.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $200K | N/A |
2 Bedrooms | $385K | $305K | -20.8% |
3 Bedrooms | $391.7K | $424.5K | +8.4% |
4 Bedrooms | $590K | $440K | -25.4% |
5+ Bedrooms | $638.3K | $407K | -36.2% |
Summary: Deanwood housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 20.8%, 3 bedroom homes increased by 8.4%, 4 bedroom homes decreased by 25.4%, and 5+ bedroom homes decreased by 36.2%.
Median Sold Price Compared To Nearby Neighborhoods
Deanwood | $414.9K | $390K | -6.0% |
Deanwood / Burrville / Grant Park / Lincoln Heights | $414.9K | $390K | -6.0% |
Housing Supply in Deanwood, DC
How many homes are available in Deanwood, DC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
74 | 75 | +1.4% |
Summary: The Deanwood real estate market had 75 homes for sale in February 2024, a 1.4% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 23 | 26 | +13.0% |
3 Bedrooms | 29 | 28 | -3.4% |
4 Bedrooms | 9 | 8 | -11.1% |
5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Deanwood housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 13%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
6 | 7 | +16.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Deanwood in February 2024, up by 16.7% month-over-month. Of the 7 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Deanwood, DC
How long does it take to sell a home in Deanwood, DC?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
28 Days | 116 Days | +304.3% |
Summary: Homes in Deanwood had an average of 116 days on market in Feb 2024, up by 304.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During February 2024, 7 homes were sold in Deanwood; 14% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.