$5,877 Closing Credit*
$494,900
694 SqFt
1 Bed
•1 Full Bath, 1 Partial
Mehrnaz Bazargan, Listing Office: Redfin Corp
Is Lincoln Park, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Lincoln Park has remained a Seller's Market.
Key Takeaway
Lincoln Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lincoln Park, DC
How much do homes in Lincoln Park, DC cost?
Median Sold Price
$1,043,000
$618/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$73,000(+7.5%)
Key Takeaway
Homes in Lincoln Park have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Lincoln Park was $1,043,000 in December 2024, up 7.5% from last year, and the median price per square foot was $618.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $469K | $442.5K | -5.7% |
| 2 Bedrooms | $800K | $859K | +7.4% |
| 3 Bedrooms | $1.1M | $1.0M | -4.6% |
| 4 Bedrooms | $1.4M | $1.4M | -1.1% |
| 5+ Bedrooms | $1.6M | $1.5M | -9.2% |
Summary: Lincoln Park housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.7%, 2 bedroom homes increased by 7.4%, 3 bedroom homes decreased by 4.6%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes decreased by 9.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Lincoln Park | $970K | $1.0M | +7.5% |
| Capitol Hill / Lincoln Park | $870K | $900K | +3.5% |
| NoMa / Stanton Park / Kingman Park | $838.6K | $854.6K | +1.9% |
| Stanton Park | $1.0M | $927K | -7.3% |
| Barney Circle / Hill East | $845K | $777.5K | -8.0% |
Housing Supply in Lincoln Park, DC
How many homes are available in Lincoln Park, DC?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 28 | 25 | -10.7% |
Summary: The Lincoln Park real estate market had 25 homes for sale in December 2024, a 10.7% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 4 | -33.3% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 8 | 5 | -37.5% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Lincoln Park housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 40%, 3 bedroom homes decreased by 37.5%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 6 | 10 | +66.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lincoln 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 Lincoln Park in December 2024, up by 66.7% month-over-month. Of the 10 sold homes, 40% were sold under asking, 30% were sold at asking, and 30% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 19 Days | 25 Days | +30.3% |
Summary: Homes in Lincoln Park had an average of 25 days on market in Dec 2024, up by 30.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were 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 December 2024, 10 homes were sold in Lincoln Park; 70% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
