Is Dupont Circle, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Dupont Circle was a Seller's Market.
Key Takeaway
Dupont Circle is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Dupont Circle, DC
How much do homes in Dupont Circle, DC cost?
Median Sold Price
$585,000
$687/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Dupont Circle have sold for 11% more than they did a year ago.
Summary: The median home sold price in Dupont Circle was $585,000 in April 2024, up 11% from last year, and the median price per square foot was $687.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $415K | $424K | +2.2% |
| 2 Bedrooms | $680K | $680K | 0.0% |
| 3 Bedrooms | $1.3M | $1.4M | +8.9% |
| 4 Bedrooms | $1.7M | $1.7M | +0.9% |
| 5+ Bedrooms | $2.3M | $2.1M | -8.0% |
Summary: Dupont Circle housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.2%, 2 bedroom homes did not change, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes decreased by 8%.
Median Sold Price Compared To Nearby Neighborhoods
| Dupont Circle | $527K | $585K | +11.0% |
| Logan Circle | $774.9K | $799K | +3.1% |
| Kalorama | $692.5K | $660K | -4.7% |
| Adams Morgan | $645K | $580.5K | -10.0% |
| Sheridan-Kalorama | $1.1M | $783.5K | -31.6% |
Housing Supply in Dupont Circle, DC
How many homes are available in Dupont Circle, DC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 84 | 111 | +32.1% |
Summary: The Dupont Circle real estate market had 111 homes for sale in April 2024, a 32.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 36 | 54 | +50.0% |
| 2 Bedrooms | 26 | 31 | +19.2% |
| 3 Bedrooms | 4 | 6 | +50.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 15 | 16 | +6.7% |
Summary: The Dupont Circle housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 19.2%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 6.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 16 | -15.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dupont Circle, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 16 homes were sold or pending in Dupont Circle in April 2024, down by 15.8% month-over-month. Of the 16 sold homes, 38% were sold under asking, 50% were sold at asking, and 13% were sold over asking.
Days on Market for Dupont Circle, DC
How long does it take to sell a home in Dupont Circle, DC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 12 Days | 26 Days | +102.9% |
Summary: Homes in Dupont Circle had an average of 26 days on market in Apr 2024, up by 102.9% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Dupont Circle are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 16 homes were sold in Dupont Circle; 81% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
