Is River Terrace / Benning / Greenway / Fort Dupont, 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, River Terrace / Benning / Greenway / Fort Dupont has remained a Buyer's Market.
Key Takeaway
River Terrace / Benning / Greenway / Fort Dupont is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in River Terrace / Benning / Greenway / Fort Dupont, DC
How much do homes in River Terrace / Benning / Greenway / Fort Dupont, DC cost?
Median Sold Price
$400,000
$304/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in River Terrace / Benning / Greenway / Fort Dupont have sold for 5.7% less than they did a year ago.
Summary: The median home sold price in River Terrace / Benning / Greenway / Fort Dupont was $400,000 in March 2024, down 5.7% from last year, and the median price per square foot was $304.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65K | - | N/A |
| 2 Bedrooms | $380K | $369.5K | -2.8% |
| 3 Bedrooms | $435K | $413.5K | -4.9% |
| 4 Bedrooms | $493.5K | $482.5K | -2.2% |
| 5+ Bedrooms | $617K | $570K | -7.6% |
Summary: River Terrace / Benning / Greenway / Fort Dupont 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 decreased by 2.8%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes decreased by 7.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Benning Ridge | $422.5K | $413K | -2.2% |
| River Terrace / Benning / Greenway / Fort Dupont | $424K | $400K | -5.7% |
| Fort Dupont | $423K | $237.5K | -43.9% |
Housing Supply in River Terrace / Benning / Greenway / Fort Dupont, DC
How many homes are available in River Terrace / Benning / Greenway / Fort Dupont, DC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 140 | 142 | +1.4% |
Summary: The River Terrace / Benning / Greenway / Fort Dupont real estate market had 142 homes for sale in March 2024, a 1.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 45 | 47 | +4.4% |
| 3 Bedrooms | 57 | 55 | -3.5% |
| 4 Bedrooms | 23 | 23 | 0.0% |
| 5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The River Terrace / Benning / Greenway / Fort Dupont housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4.4%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in River Terrace / Benning / Greenway / Fort Dupont, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in River Terrace / Benning / Greenway / Fort Dupont in March 2024, up by 42.9% month-over-month. Of the 10 sold homes, 50% were sold under asking, 40% were sold at asking, and 10% were sold over asking.
Days on Market for River Terrace / Benning / Greenway / Fort Dupont, DC
How long does it take to sell a home in River Terrace / Benning / Greenway / Fort Dupont, DC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 31 Days | 70 Days | +121.4% |
Summary: Homes in River Terrace / Benning / Greenway / Fort Dupont had an average of 70 days on market in Mar 2024, up by 121.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in River Terrace / Benning / Greenway / Fort Dupont are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 10 homes were sold in River Terrace / Benning / Greenway / Fort Dupont; 50% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
