Is Ivy City / Arboretum / Trinidad / Carver Langston, 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, Ivy City / Arboretum / Trinidad / Carver Langston was a Seller's Market.
Key Takeaway
Ivy City / Arboretum / Trinidad / Carver Langston is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ivy City / Arboretum / Trinidad / Carver Langston, DC
How much do homes in Ivy City / Arboretum / Trinidad / Carver Langston, DC cost?
Median Sold Price
$520,000
$417/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Ivy City / Arboretum / Trinidad / Carver Langston have sold for 0.8% less than they did a year ago.
Summary: The median home sold price in Ivy City / Arboretum / Trinidad / Carver Langston was $520,000 in April 2024, down 0.8% from last year, and the median price per square foot was $417.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $311K | $312K | 0.3% |
| 2 Bedrooms | $475K | $489.9K | +3.1% |
| 3 Bedrooms | $627.5K | $595K | -5.2% |
| 4 Bedrooms | $840K | $802.5K | -4.5% |
| 5+ Bedrooms | $745K | $900K | +20.8% |
Summary: Ivy City / Arboretum / Trinidad / Carver Langston housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.3%, 2 bedroom homes increased by 3.1%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 20.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Ivy City / Arboretum / Trinidad / Carver Langston | $524K | $520K | -0.8% |
| Trinidad | $599K | $589.5K | -1.6% |
| Carver Langston | $415K | $390K | -6.0% |
Housing Supply in Ivy City / Arboretum / Trinidad / Carver Langston, DC
How many homes are available in Ivy City / Arboretum / Trinidad / Carver Langston, DC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 100 | 146 | +46.0% |
Summary: The Ivy City / Arboretum / Trinidad / Carver Langston real estate market had 146 homes for sale in April 2024, a 46.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 17 | 27 | +58.8% |
| 2 Bedrooms | 28 | 47 | +67.9% |
| 3 Bedrooms | 36 | 46 | +27.8% |
| 4 Bedrooms | 15 | 21 | +40.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Ivy City / Arboretum / Trinidad / Carver Langston housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 58.8%, 2 bedroom homes increased by 67.9%, 3 bedroom homes increased by 27.8%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 12 | +100.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ivy City / Arboretum / Trinidad / Carver Langston, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Ivy City / Arboretum / Trinidad / Carver Langston in April 2024, up by 100.0% month-over-month. Of the 12 sold homes, 42% were sold under asking, 17% were sold at asking, and 42% were sold over asking.
Days on Market for Ivy City / Arboretum / Trinidad / Carver Langston, DC
How long does it take to sell a home in Ivy City / Arboretum / Trinidad / Carver Langston, DC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 59 Days | 39 Days | -34.0% |
Summary: Homes in Ivy City / Arboretum / Trinidad / Carver Langston had an average of 39 days on market in Apr 2024, down by 34% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Ivy City / Arboretum / Trinidad / Carver Langston are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 12 homes were sold in Ivy City / Arboretum / Trinidad / Carver Langston; 50% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
