Is Deanwood / Burrville / Grant Park / Lincoln Heights, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Deanwood / Burrville / Grant Park / Lincoln Heights has remained a Buyer's Market.
Key Takeaway
Deanwood / Burrville / Grant Park / Lincoln Heights is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Deanwood / Burrville / Grant Park / Lincoln Heights, DC
How much do homes in Deanwood / Burrville / Grant Park / Lincoln Heights, DC cost?
Median Sold Price
$390,000
$276/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Deanwood / Burrville / Grant Park / Lincoln Heights have sold for 8.2% less than they did a year ago.
Summary: The median home sold price in Deanwood / Burrville / Grant Park / Lincoln Heights was $390,000 in March 2024, down 8.2% from last year, and the median price per square foot was $276.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $112K | $200K | +78.6% |
| 2 Bedrooms | $385K | $287.5K | -25.3% |
| 3 Bedrooms | $406.4K | $404K | -0.6% |
| 4 Bedrooms | $550K | $485K | -11.8% |
| 5+ Bedrooms | $587.5K | $580K | -1.3% |
Summary: Deanwood / Burrville / Grant Park / Lincoln Heights housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 78.6%, 2 bedroom homes decreased by 25.3%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes decreased by 1.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Deanwood / Burrville / Grant Park / Lincoln Heights | $425K | $390K | -8.2% |
| Deanwood | $429.9K | $370K | -13.9% |
Housing Supply in Deanwood / Burrville / Grant Park / Lincoln Heights, DC
How many homes are available in Deanwood / Burrville / Grant Park / Lincoln Heights, DC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 137 | 137 | 0.0% |
Summary: The Deanwood / Burrville / Grant Park / Lincoln Heights real estate market had 137 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 34 | 37 | +8.8% |
| 3 Bedrooms | 57 | 50 | -12.3% |
| 4 Bedrooms | 23 | 26 | +13.0% |
| 5+ Bedrooms | 18 | 20 | +11.1% |
Summary: The Deanwood / Burrville / Grant Park / Lincoln Heights housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 8.8%, 3 bedroom homes decreased by 12.3%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 8 | -33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Deanwood / Burrville / Grant Park / Lincoln Heights, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Deanwood / Burrville / Grant Park / Lincoln Heights in March 2024, down by 33.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Deanwood / Burrville / Grant Park / Lincoln Heights, DC
How long does it take to sell a home in Deanwood / Burrville / Grant Park / Lincoln Heights, DC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 110 Days | 56 Days | -48.9% |
Summary: Homes in Deanwood / Burrville / Grant Park / Lincoln Heights had an average of 56 days on market in Mar 2024, down by 48.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Deanwood / Burrville / Grant Park / Lincoln Heights are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in Deanwood / Burrville / Grant Park / Lincoln Heights; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
