$10,000 Closing Credit*
$939,000
2,200 SqFt
3 Beds
•2 Full Baths, 1 Partial
Megan Stohner Conway, Listing Office: Compass
Is NoMa / Stanton Park / Kingman Park, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
At the same time last year, NoMa / Stanton Park / Kingman Park was a Seller's Market.
Key Takeaway
NoMa / Stanton Park / 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 NoMa / Stanton Park / Kingman Park, DC
How much do homes in NoMa / Stanton Park / Kingman Park, DC cost?
Median Sold Price
$865,000
$560/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$65,000(+8.1%)
Key Takeaway
Homes in NoMa / Stanton Park / Kingman Park have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in NoMa / Stanton Park / Kingman Park was $865,000 in August 2024, up 8.1% from last year, and the median price per square foot was $560.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $415K | $430K | +3.6% |
| 2 Bedrooms | $642K | $703K | +9.5% |
| 3 Bedrooms | $860K | $865K | +0.6% |
| 4 Bedrooms | $1.2M | $1.1M | 0% |
| 5+ Bedrooms | $1.5M | $1.7M | +11.1% |
Summary: NoMa / Stanton Park / Kingman Park housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.6%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 0.6%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 11.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Lincoln Park | $922.5K | $1.0M | +13.1% |
| H Street Corridor / Near Northeast | $805.5K | $904.5K | +12.3% |
| NoMa / Stanton Park / Kingman Park | $800K | $865K | +8.1% |
| Trinidad | $557.5K | $600.5K | +7.7% |
| Stanton Park | $1.0M | $950K | -6.8% |
Housing Supply in NoMa / Stanton Park / Kingman Park, DC
How many homes are available in NoMa / Stanton Park / Kingman Park, DC?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 170 | 182 | +7.1% |
Summary: The NoMa / Stanton Park / Kingman Park real estate market had 182 homes for sale in August 2024, a 7.1% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 15 | +15.4% |
| 2 Bedrooms | 39 | 46 | +17.9% |
| 3 Bedrooms | 60 | 59 | -1.7% |
| 4 Bedrooms | 38 | 43 | +13.2% |
| 5+ Bedrooms | 20 | 19 | -5.0% |
Summary: The NoMa / Stanton Park / Kingman Park housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.4%, 2 bedroom homes increased by 17.9%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes decreased by 5%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 29 | 29 | 0.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in NoMa / Stanton Park / Kingman Park, expect to pay close to the asking price. 48.3% of homes here sold near the asking price last month.
Summary: A total of 29 homes were sold or pending in NoMa / Stanton Park / Kingman Park in August 2024, the same as the previous month. Of the 29 sold homes, 31% were sold under asking, 48% were sold at asking, and 21% were sold over asking.
Days on Market for NoMa / Stanton Park / Kingman Park, DC
How long does it take to sell a home in NoMa / Stanton Park / Kingman Park, DC?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 27 Days | 38 Days | +39.2% |
Summary: Homes in NoMa / Stanton Park / Kingman Park had an average of 38 days on market in Aug 2024, up by 39.2% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in NoMa / Stanton Park / Kingman Park are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 29 homes were sold in NoMa / Stanton Park / Kingman Park; 66% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
