Is Pleasant Plains / LeDroit 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, Pleasant Plains / LeDroit Park has remained a Buyer's Market.
Key Takeaway
Pleasant Plains / LeDroit Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Pleasant Plains / LeDroit Park, DC
How much do homes in Pleasant Plains / LeDroit Park, DC cost?
Median Sold Price
$730,500
$536/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Pleasant Plains / LeDroit Park have sold for 0.6% less than they did a year ago.
Summary: The median home sold price in Pleasant Plains / LeDroit Park was $730,500 in April 2024, down 0.6% from last year, and the median price per square foot was $536.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $458K | $393K | -14.2% |
| 2 Bedrooms | $721K | $662.5K | -8.1% |
| 3 Bedrooms | $755K | $749.5K | -0.7% |
| 4 Bedrooms | $955K | $813K | -14.9% |
| 5+ Bedrooms | - | $1.1M | N/A |
Summary: Pleasant Plains / LeDroit Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.2%, 2 bedroom homes decreased by 8.1%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes decreased by 14.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Bloomingdale | $857.8K | $893K | +4.1% |
| Columbia Heights / Park View | $699.5K | $718K | +2.6% |
| Pleasant Plains / LeDroit Park | $734.9K | $730.5K | -0.6% |
Housing Supply in Pleasant Plains / LeDroit Park, DC
How many homes are available in Pleasant Plains / LeDroit Park, DC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 | 29 | +16.0% |
Summary: The Pleasant Plains / LeDroit Park real estate market had 29 homes for sale in April 2024, a 16.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 5 | 8 | +60.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Pleasant Plains / LeDroit Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 60%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Pleasant Plains / LeDroit Park, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Pleasant Plains / LeDroit Park in April 2024, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Pleasant Plains / LeDroit Park, DC
How long does it take to sell a home in Pleasant Plains / LeDroit Park, DC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 2 Days | 34 Days | +1600.0% |
Summary: Homes in Pleasant Plains / LeDroit Park had an average of 34 days on market in Apr 2024, up by 1600% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pleasant Plains / LeDroit Park are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Pleasant Plains / LeDroit Park; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
