Is Kingman Park, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Kingman Park has remained a Neutral Market.
Key Takeaway
Kingman Park is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Kingman Park, DC
How much do homes in Kingman Park, DC cost?
Median Sold Price
$639,000
$481/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Kingman Park have sold for 1.7% less than they did a year ago.
Summary: The median home sold price in Kingman Park was $639,000 in April 2024, down 1.7% from last year, and the median price per square foot was $481.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $302.5K | $355.7K | +17.6% |
| 2 Bedrooms | $602.5K | $520K | -13.7% |
| 3 Bedrooms | $710K | $650K | -8.5% |
| 4 Bedrooms | $825K | $930K | +12.7% |
| 5+ Bedrooms | $1.1M | - | N/A |
Summary: Kingman Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.6%, 2 bedroom homes decreased by 13.7%, 3 bedroom homes decreased by 8.5%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Capitol Hill / Lincoln Park | $880K | $875K | -0.6% |
| Kingman Park | $650K | $639K | -1.7% |
| NoMa / Stanton Park / Kingman Park | $848.5K | $825K | -2.8% |
| Carver Langston | $415K | $390K | -6.0% |
| Barney Circle / Hill East | $850K | $791.5K | -6.9% |
Housing Supply in Kingman Park, DC
How many homes are available in Kingman Park, DC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 48 | 64 | +33.3% |
Summary: The Kingman Park real estate market had 64 homes for sale in April 2024, a 33.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 13 | 19 | +46.2% |
| 3 Bedrooms | 20 | 23 | +15.0% |
| 4 Bedrooms | 12 | 17 | +41.7% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Kingman Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 46.2%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 10 | +150.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kingman Park, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Kingman Park in April 2024, up by 150.0% month-over-month. Of the 10 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Kingman Park, DC
How long does it take to sell a home in Kingman Park, DC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 30 Days | 16 Days | -45.5% |
Summary: Homes in Kingman Park had an average of 16 days on market in Apr 2024, down by 45.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kingman Park are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 10 homes were sold in Kingman Park; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
