Is Lincoln Park, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Lincoln Park was a Seller's Market.
Key Takeaway
Lincoln Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lincoln Park, DC
How much do homes in Lincoln Park, DC cost?
Median Sold Price
$990,000
$606/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Lincoln Park have sold for 10.4% less than they did a year ago.
Summary: The median home sold price in Lincoln Park was $990,000 in March 2024, down 10.4% from last year, and the median price per square foot was $606.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $424K | $479.5K | +13.1% |
| 2 Bedrooms | $740K | $837.5K | +13.2% |
| 3 Bedrooms | $1.2M | $1.1M | -13.3% |
| 4 Bedrooms | $1.3M | $1.3M | -0.7% |
| 5+ Bedrooms | $1.6M | $1.6M | -0.6% |
Summary: Lincoln Park housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.1%, 2 bedroom homes increased by 13.2%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes decreased by 0.6%.
Median Sold Price Compared To Nearby Neighborhoods
| NoMa / Stanton Park / Kingman Park | $809.1K | $840K | +3.8% |
| Stanton Park | $1.0M | $1.0M | 0.0% |
| Capitol Hill / Lincoln Park | $891K | $855K | -4.0% |
| Barney Circle / Hill East | $859K | $800K | -6.9% |
| Lincoln Park | $1.1M | $990K | -10.4% |
Housing Supply in Lincoln Park, DC
How many homes are available in Lincoln Park, DC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 54 | 66 | +22.2% |
Summary: The Lincoln Park real estate market had 66 homes for sale in March 2024, a 22.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 7 | +40.0% |
| 2 Bedrooms | 17 | 18 | +5.9% |
| 3 Bedrooms | 13 | 16 | +23.1% |
| 4 Bedrooms | 15 | 19 | +26.7% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Lincoln Park housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 23.1%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lincoln Park, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Lincoln Park in March 2024, up by 16.7% month-over-month. Of the 7 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.
Days on Market for Lincoln Park, DC
How long does it take to sell a home in Lincoln Park, DC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 12 Days | 12 Days | +3.6% |
Summary: Homes in Lincoln Park had an average of 12 days on market in Mar 2024, up by 3.6% compared to last year.
Breakdown of Home Sale Times
6 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 Lincoln Park are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 7 homes were sold in Lincoln Park; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
