Is Foggy Bottom / West End / GWU, 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, Foggy Bottom / West End / GWU was a Seller's Market.
Key Takeaway
Foggy Bottom / West End / GWU is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Foggy Bottom / West End / GWU, DC
How much do homes in Foggy Bottom / West End / GWU, DC cost?
Median Sold Price
$700,000
$679/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Foggy Bottom / West End / GWU have sold for 8.7% more than they did a year ago.
Summary: The median home sold price in Foggy Bottom / West End / GWU was $700,000 in April 2024, up 8.7% from last year, and the median price per square foot was $679.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $382.4K | $400K | +4.6% |
| 2 Bedrooms | $835K | $965K | +15.6% |
| 3 Bedrooms | $1.9M | $2.5M | +32.7% |
| 4 Bedrooms | $1.5M | $1.5M | 0.0% |
| 5+ Bedrooms | $1.5M | - | N/A |
Summary: Foggy Bottom / West End / GWU housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.6%, 2 bedroom homes increased by 15.6%, 3 bedroom homes increased by 32.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| West End | $715K | $924.9K | +29.4% |
| Foggy Bottom / West End / GWU | $643.7K | $700K | +8.7% |
| Foggy Bottom | $520K | $525K | +1.0% |
| East Village | $1.3M | $1.3M | -2.9% |
| Georgetown | $1.5M | $1.4M | -7.1% |
Housing Supply in Foggy Bottom / West End / GWU, DC
How many homes are available in Foggy Bottom / West End / GWU, DC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 72 | 86 | +19.4% |
Summary: The Foggy Bottom / West End / GWU real estate market had 86 homes for sale in April 2024, a 19.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 37 | 43 | +16.2% |
| 2 Bedrooms | 25 | 33 | +32.0% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Foggy Bottom / West End / GWU housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.2%, 2 bedroom homes increased by 32%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 10 | +25.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Foggy Bottom / West End / GWU, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Foggy Bottom / West End / GWU in April 2024, up by 25.0% month-over-month. Of the 10 sold homes, 70% were sold under asking, 10% were sold at asking, and 20% were sold over asking.
Days on Market for Foggy Bottom / West End / GWU, DC
How long does it take to sell a home in Foggy Bottom / West End / GWU, DC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 57 Days | 67 Days | +16.6% |
Summary: Homes in Foggy Bottom / West End / GWU had an average of 67 days on market in Apr 2024, up by 16.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Foggy Bottom / West End / GWU are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 10 homes were sold in Foggy Bottom / West End / GWU; 50% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
