Is Near Southeast / Navy Yard, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Near Southeast / Navy Yard has remained a Buyer's Market.
Housing Prices in Near Southeast / Navy Yard, DC
How much do homes in Near Southeast / Navy Yard, DC cost?
Median Sold Price
$625,000
$625/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Near Southeast / Navy Yard was $625,000 in February 2024, down 15.8% from last year, and the median price per square foot was $625.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $383.7K | $410K | +6.8% |
2 Bedrooms | $742K | $725K | -2.3% |
3 Bedrooms | $937.5K | $1.2M | +34.4% |
4 Bedrooms | $1.4M | $1.3M | -12.0% |
5+ Bedrooms | - | $1.0M | N/A |
Summary: Near Southeast / Navy Yard housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.8%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes increased by 34.4%, 4 bedroom homes decreased by 12%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Capitol Hill | $860.5K | $850K | -1.2% |
Capitol Hill / Lincoln Park | $900K | $854K | -5.1% |
Near Southeast / Navy Yard | $742K | $625K | -15.8% |
Near Southeast | $731K | $547K | -25.2% |
Housing Supply in Near Southeast / Navy Yard, DC
How many homes are available in Near Southeast / Navy Yard, DC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
87 | 88 | +1.1% |
Summary: The Near Southeast / Navy Yard real estate market had 88 homes for sale in February 2024, a 1.1% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 28 | 30 | +7.1% |
2 Bedrooms | 45 | 44 | -2.2% |
3 Bedrooms | 4 | 4 | 0.0% |
4 Bedrooms | 9 | 9 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Near Southeast / Navy Yard housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.1%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Near Southeast / Navy Yard in February 2024, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Near Southeast / Navy Yard, DC
How long does it take to sell a home in Near Southeast / Navy Yard, DC?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
10 Days | 13 Days | +32.5% |
Summary: Homes in Near Southeast / Navy Yard had an average of 13 days on market in Feb 2024, up by 32.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 4 homes were sold in Near Southeast / Navy Yard; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.