Is Manor Park, 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, Manor Park has remained a Buyer's Market.
Key Takeaway
Manor Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Manor Park, DC
How much do homes in Manor Park, DC cost?
Median Sold Price
$670,000
$391/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Manor Park have sold for 20.7% less than they did a year ago.
Summary: The median home sold price in Manor Park was $670,000 in March 2024, down 20.7% from last year, and the median price per square foot was $391.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $347.5K | N/A |
| 2 Bedrooms | $484.9K | $565K | +16.5% |
| 3 Bedrooms | $836.2K | $625K | -25.3% |
| 4 Bedrooms | $852.5K | $785K | -7.9% |
| 5+ Bedrooms | $1.1M | $1.2M | +6.2% |
Summary: Manor Park housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.5%, 3 bedroom homes decreased by 25.3%, 4 bedroom homes decreased by 7.9%, and 5+ bedroom homes increased by 6.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Lamond Riggs / Queens Chapel / Fort Totten / Pleasant Hill | $592.5K | $574.9K | -3.0% |
| Lamond Riggs | $580K | $557.5K | -3.9% |
| Takoma / Brightwood / Manor Park | $730K | $660K | -9.6% |
| Takoma | $749K | $670K | -10.5% |
| Manor Park | $844.5K | $670K | -20.7% |
Housing Supply in Manor Park, DC
How many homes are available in Manor Park, DC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 57 | 59 | +3.5% |
Summary: The Manor Park real estate market had 59 homes for sale in March 2024, a 3.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 9 | +12.5% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 19 | 20 | +5.3% |
| 5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The Manor Park housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 14.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Manor Park, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Manor Park in March 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Manor Park, DC
How long does it take to sell a home in Manor Park, DC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 77 Days | 84 Days | +8.4% |
Summary: Homes in Manor Park had an average of 84 days on market in Mar 2024, up by 8.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Manor Park has remained consistent over time.
Summary: During March 2024, 1 homes were sold in Manor Park; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
