Is Hawthorne / Barnaby Woods / Chevy Chase, 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, Hawthorne / Barnaby Woods / Chevy Chase has remained a Seller's Market.
Key Takeaway
Hawthorne / Barnaby Woods / Chevy Chase is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hawthorne / Barnaby Woods / Chevy Chase, DC
How much do homes in Hawthorne / Barnaby Woods / Chevy Chase, DC cost?
Median Sold Price
$1,400,000
$545/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Hawthorne / Barnaby Woods / Chevy Chase have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in Hawthorne / Barnaby Woods / Chevy Chase was $1,400,000 in March 2024, up 4.1% from last year, and the median price per square foot was $545.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | $255K | 0.0% |
| 2 Bedrooms | $340K | $647.8K | +90.5% |
| 3 Bedrooms | $1.2M | $1.2M | -0.7% |
| 4 Bedrooms | $1.4M | $1.4M | -1.0% |
| 5+ Bedrooms | $1.7M | $1.6M | -2.2% |
Summary: Hawthorne / Barnaby Woods / Chevy Chase housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 90.5%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes decreased by 2.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Barnaby Woods | $1.5M | $1.6M | +9.3% |
| Hawthorne / Barnaby Woods / Chevy Chase | $1.3M | $1.4M | +4.1% |
| Chevy Chase | $1.3M | $1.3M | +0.9% |
Housing Supply in Hawthorne / Barnaby Woods / Chevy Chase, DC
How many homes are available in Hawthorne / Barnaby Woods / Chevy Chase, DC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 57 | 65 | +14.0% |
Summary: The Hawthorne / Barnaby Woods / Chevy Chase real estate market had 65 homes for sale in March 2024, a 14.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 4 | -33.3% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 16 | 21 | +31.3% |
| 5+ Bedrooms | 26 | 30 | +15.4% |
Summary: The Hawthorne / Barnaby Woods / Chevy Chase housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 31.3%, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 12 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hawthorne / Barnaby Woods / Chevy Chase, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Hawthorne / Barnaby Woods / Chevy Chase in March 2024, up by 100.0% month-over-month. Of the 12 sold homes, 25% were sold under asking, 17% were sold at asking, and 58% were sold over asking.
Days on Market for Hawthorne / Barnaby Woods / Chevy Chase, DC
How long does it take to sell a home in Hawthorne / Barnaby Woods / Chevy Chase, DC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 20 Days | 39 Days | +90.0% |
Summary: Homes in Hawthorne / Barnaby Woods / Chevy Chase had an average of 39 days on market in Mar 2024, up by 90% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hawthorne / Barnaby Woods / Chevy Chase are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 12 homes were sold in Hawthorne / Barnaby Woods / Chevy Chase; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
