Is Eckington, 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, Eckington has remained a Buyer's Market.
Key Takeaway
Eckington is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Eckington, DC
How much do homes in Eckington, DC cost?
Median Sold Price
$682,450
$495/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Eckington have sold for 7.7% less than they did a year ago.
Summary: The median home sold price in Eckington was $682,450 in March 2024, down 7.7% from last year, and the median price per square foot was $495.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $298.7K | $417K | +39.6% |
| 2 Bedrooms | $640K | $559.9K | -12.5% |
| 3 Bedrooms | $698.2K | $750K | +7.4% |
| 4 Bedrooms | $970K | $1.0M | +10.1% |
| 5+ Bedrooms | $1.1M | $1.1M | -4.7% |
Summary: Eckington housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.6%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes decreased by 4.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Edgewood / Bloomingdale / Truxton Circle / Eckington | $739.5K | $750K | +1.4% |
| Edgewood | $615K | $622.5K | +1.2% |
| Brentwood | $525K | $509.9K | -2.9% |
| Eckington | $739K | $682.4K | -7.7% |
Housing Supply in Eckington, DC
How many homes are available in Eckington, DC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 133 | 144 | +8.3% |
Summary: The Eckington real estate market had 144 homes for sale in March 2024, a 8.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 23 | 24 | +4.3% |
| 2 Bedrooms | 41 | 43 | +4.9% |
| 3 Bedrooms | 39 | 40 | +2.6% |
| 4 Bedrooms | 17 | 22 | +29.4% |
| 5+ Bedrooms | 13 | 15 | +15.4% |
Summary: The Eckington housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.3%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 29.4%, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Eckington, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Eckington in March 2024, down by 42.9% month-over-month. Of the 4 sold homes, 25% were sold under asking, 75% were sold at asking, and 0% were sold over asking.
Days on Market for Eckington, DC
How long does it take to sell a home in Eckington, DC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 52 Days | 39 Days | -25.2% |
Summary: Homes in Eckington had an average of 39 days on market in Mar 2024, down by 25.2% compared to last year.
Breakdown of Home Sale Times
3 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 Eckington are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in Eckington; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
