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 April 2023
Since last year, NoMa / Stanton Park / Kingman Park has remained a Seller's Market.
Key Takeaway
NoMa / Stanton Park / Kingman Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in NoMa / Stanton Park / Kingman Park, DC
How much do homes in NoMa / Stanton Park / Kingman Park, DC cost?
Median Sold Price
$825,000
$582/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in NoMa / Stanton Park / Kingman Park have sold for 2.8% less than they did a year ago.
Summary: The median home sold price in NoMa / Stanton Park / Kingman Park was $825,000 in April 2024, down 2.8% from last year, and the median price per square foot was $582.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $375K | $430K | +14.7% |
| 2 Bedrooms | $662.5K | $660K | -0.4% |
| 3 Bedrooms | $867.5K | $857.5K | -1.2% |
| 4 Bedrooms | $1.2M | $1.1M | 0% |
| 5+ Bedrooms | $1.5M | $1.6M | +7.1% |
Summary: NoMa / Stanton Park / Kingman Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.7%, 2 bedroom homes decreased by 0.4%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 7.1%.
Median Sold Price Compared To Nearby Neighborhoods
| H Street Corridor / Near Northeast | $850K | $842.5K | -0.9% |
| Trinidad | $599K | $589.5K | -1.6% |
| NoMa / Stanton Park / Kingman Park | $848.5K | $825K | -2.8% |
| Lincoln Park | $1.0M | $1.0M | -4.0% |
| Stanton Park | $1.0M | $951K | -8.6% |
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
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 166 | 210 | +26.5% |
Summary: The NoMa / Stanton Park / Kingman Park real estate market had 210 homes for sale in April 2024, a 26.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 18 | +20.0% |
| 2 Bedrooms | 43 | 52 | +20.9% |
| 3 Bedrooms | 63 | 76 | +20.6% |
| 4 Bedrooms | 32 | 47 | +46.9% |
| 5+ Bedrooms | 13 | 17 | +30.8% |
Summary: The NoMa / Stanton Park / Kingman Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 20.9%, 3 bedroom homes increased by 20.6%, 4 bedroom homes increased by 46.9%, and 5+ bedroom homes increased by 30.8%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 30 | 44 | +46.7% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in NoMa / Stanton Park / Kingman Park, you may be able to get a good deal. 47.7% of homes here sold below asking price last month.
Summary: A total of 44 homes were sold or pending in NoMa / Stanton Park / Kingman Park in April 2024, up by 46.7% month-over-month. Of the 44 sold homes, 48% were sold under asking, 18% were sold at asking, and 34% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 20 Days | 31 Days | +52.3% |
Summary: Homes in NoMa / Stanton Park / Kingman Park had an average of 31 days on market in Apr 2024, up by 52.3% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
4 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 April 2024, 44 homes were sold in NoMa / Stanton Park / Kingman Park; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
