Is Dupont Circle, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Dupont Circle was a Neutral 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
$555,000
$695/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Dupont Circle have sold for 1.1% less than they did a year ago.
Summary: The median home sold price in Dupont Circle was $555,000 in March 2024, down 1.1% from last year, and the median price per square foot was $695.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $415K | $420K | +1.2% |
| 2 Bedrooms | $690K | $680K | -1.4% |
| 3 Bedrooms | $1.3M | $1.4M | +5.9% |
| 4 Bedrooms | $1.7M | $1.7M | -1.4% |
| 5+ Bedrooms | $2.3M | $2.0M | -11.1% |
Summary: Dupont Circle housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.2%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes decreased by 11.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Logan Circle | $732.5K | $802K | +9.5% |
| Kalorama | $658.2K | $708K | +7.6% |
| Sheridan-Kalorama | $989.5K | $1.0M | +1.1% |
| Dupont Circle | $561K | $555K | -1.1% |
| Adams Morgan | $624.7K | $579K | -7.3% |
Housing Supply in Dupont Circle, DC
How many homes are available in Dupont Circle, DC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 227 | 243 | +7.0% |
Summary: The Dupont Circle real estate market had 243 homes for sale in March 2024, a 7.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 89 | 93 | +4.5% |
| 2 Bedrooms | 79 | 87 | +10.1% |
| 3 Bedrooms | 15 | 15 | 0.0% |
| 4 Bedrooms | 14 | 12 | -14.3% |
| 5+ Bedrooms | 30 | 36 | +20.0% |
Summary: The Dupont Circle housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.5%, 2 bedroom homes increased by 10.1%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 18 | -5.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dupont Circle, you may be able to get a good deal. 38.9% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Dupont Circle in March 2024, down by 5.3% month-over-month. Of the 18 sold homes, 39% were sold under asking, 33% were sold at asking, and 28% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 31 Days | 32 Days | +2.0% |
Summary: Homes in Dupont Circle had an average of 32 days on market in Mar 2024, up by 2% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
5 Homes Were 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 March 2024, 18 homes were sold in Dupont Circle; 61% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
