Is Deanwood, DC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Deanwood is a buyer's market

Buyer's
Market

Difference Since February 2023

Since last year, Deanwood has remained a Buyer's Market.

Key Takeaway

Deanwood is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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

-$24,900(-6.0%)

Key Takeaway

Homes in Deanwood have sold for 6% less than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 -$200K
N/A
2 $385K$305K
-20.8%
3 $391.7K$424.5K
+8.4%
4 $590K$440K
-25.4%
5+ $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
-6.0%
Deanwood / Burrville / Grant Park / Lincoln Heights
-6.0%

Housing Supply in Deanwood, DC

How many homes are available in Deanwood, DC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
7475+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

# BEDSJan 2024Feb 2024CHANGE
1 44
0.0%
2 2326
+13.0%
3 2928
-3.4%
4 98
-11.1%
5+ 99
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 2024Feb 2024CHANGE
67+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Deanwood, you may be able to get a good deal. 100% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
28 Days116 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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Deanwood has remained consistent over time.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

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