Is Kalorama, 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, Kalorama has remained a Buyer's Market.
Key Takeaway
Kalorama is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Kalorama, DC
How much do homes in Kalorama, DC cost?
Median Sold Price
$708,000
$672/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Kalorama have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in Kalorama was $708,000 in March 2024, up 7.6% from last year, and the median price per square foot was $672.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $359K | $399.9K | +11.4% |
| 2 Bedrooms | $760K | $720K | -5.3% |
| 3 Bedrooms | $1.1M | $1.7M | +51.4% |
| 4 Bedrooms | $1.5M | $3.2M | +106.5% |
| 5+ Bedrooms | $2.5M | $3.8M | +52.0% |
Summary: Kalorama housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.4%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes increased by 51.4%, 4 bedroom homes increased by 106.5%, and 5+ bedroom homes increased by 52%.
Median Sold Price Compared To Nearby Neighborhoods
| Kalorama Triangle | $483.2K | $600K | +24.2% |
| Kalorama | $658.2K | $708K | +7.6% |
| Sheridan-Kalorama | $989.5K | $1.0M | +1.1% |
| Adams Morgan | $624.7K | $579K | -7.3% |
Housing Supply in Kalorama, DC
How many homes are available in Kalorama, DC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 96 | 99 | +3.1% |
Summary: The Kalorama real estate market had 99 homes for sale in March 2024, a 3.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 27 | 29 | +7.4% |
| 2 Bedrooms | 29 | 28 | -3.4% |
| 3 Bedrooms | 10 | 14 | +40.0% |
| 4 Bedrooms | 15 | 13 | -13.3% |
| 5+ Bedrooms | 15 | 15 | 0.0% |
Summary: The Kalorama housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.4%, 2 bedroom homes decreased by 3.4%, 3 bedroom homes increased by 40%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Kalorama, 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 Kalorama in March 2024, up by 33.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 38% were sold at asking, and 13% were sold over asking.
Days on Market for Kalorama, DC
How long does it take to sell a home in Kalorama, DC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 34 Days | 7 Days | -78.3% |
Summary: Homes in Kalorama had an average of 7 days on market in Mar 2024, down by 78.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kalorama are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in Kalorama; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
