Is East Village, 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, East Village has remained a Buyer's Market.
Key Takeaway
East Village is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in East Village, DC
How much do homes in East Village, DC cost?
Median Sold Price
$1,350,000
$820/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in East Village have sold for 20% more than they did a year ago.
Summary: The median home sold price in East Village was $1,350,000 in March 2024, up 20% from last year, and the median price per square foot was $820.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $399K | $438.7K | +10.0% |
| 2 Bedrooms | $965K | $939.5K | -2.6% |
| 3 Bedrooms | $1.9M | $2.0M | +7.5% |
| 4 Bedrooms | $2.4M | $3.2M | +32.3% |
| 5+ Bedrooms | $3.2M | $3.9M | +22.8% |
Summary: East Village housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10%, 2 bedroom homes decreased by 2.6%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 32.3%, and 5+ bedroom homes increased by 22.8%.
Median Sold Price Compared To Nearby Neighborhoods
| West End | $665.2K | $944.9K | +42.1% |
| Foggy Bottom / West End / GWU | $580K | $700K | +20.7% |
| East Village | $1.1M | $1.3M | +20.0% |
| Georgetown | $1.4M | $1.4M | +3.7% |
| Sheridan-Kalorama | $989.5K | $1.0M | +1.1% |
Housing Supply in East Village, DC
How many homes are available in East Village, DC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 81 | 95 | +17.3% |
Summary: The East Village real estate market had 95 homes for sale in March 2024, a 17.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 29 | 29 | 0.0% |
| 2 Bedrooms | 16 | 22 | +37.5% |
| 3 Bedrooms | 14 | 18 | +28.6% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 12 | 15 | +25.0% |
Summary: The East Village housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 37.5%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Village, 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 East Village in March 2024, up by 14.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% were sold over asking.
Days on Market for East Village, DC
How long does it take to sell a home in East Village, DC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 24 Days | 23 Days | -1.6% |
Summary: Homes in East Village had an average of 23 days on market in Mar 2024, down by 1.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in East Village are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in East Village; 88% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
