Is Shaw, 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, Shaw has remained a Buyer's Market.
Housing Prices in Shaw, DC
How much do homes in Shaw, DC cost?
Median Sold Price
$950,000
$625/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Shaw was $950,000 in March 2024, down 3.9% from last year, and the median price per square foot was $625.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $400K | $460K | +15.0% |
2 Bedrooms | $830K | $792K | -4.6% |
3 Bedrooms | $1.0M | $999.5K | -1.5% |
4 Bedrooms | $1.4M | $1.4M | -1.4% |
5+ Bedrooms | $1.8M | $1.8M | +2.4% |
Summary: Shaw housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15%, 2 bedroom homes decreased by 4.6%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 2.4%.
Median Sold Price Compared To Nearby Neighborhoods
LeDroit Park | $829K | $863.5K | +4.2% |
Mount Vernon Square | $525K | $540K | +2.9% |
Truxton Circle | $740K | $755K | +2.0% |
Shaw | $988.5K | $950K | -3.9% |
U Street Corridor | $795K | $717.5K | -9.7% |
Housing Supply in Shaw, DC
How many homes are available in Shaw, DC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
166 | 182 | +9.6% |
Summary: The Shaw real estate market had 182 homes for sale in March 2024, a 9.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 16 | 19 | +18.8% |
2 Bedrooms | 55 | 62 | +12.7% |
3 Bedrooms | 46 | 50 | +8.7% |
4 Bedrooms | 40 | 42 | +5.0% |
5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Shaw housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.8%, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 6 | +20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Shaw in March 2024, up by 20.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Shaw, DC
How long does it take to sell a home in Shaw, DC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
51 Days | 57 Days | +10.7% |
Summary: Homes in Shaw had an average of 57 days on market in Mar 2024, up by 10.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in Shaw; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.