Is Sheridan-Kalorama, 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, Sheridan-Kalorama has remained a Buyer's Market.
Key Takeaway
Sheridan-Kalorama is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Sheridan-Kalorama, DC
How much do homes in Sheridan-Kalorama, DC cost?
Median Sold Price
$1,000,000
$685/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Sheridan-Kalorama have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in Sheridan-Kalorama was $1,000,000 in March 2024, up 1.1% from last year, and the median price per square foot was $685.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $502K | $399.9K | -20.3% |
| 2 Bedrooms | $825K | $740K | -10.3% |
| 3 Bedrooms | $1.2M | $1.8M | +41.2% |
| 4 Bedrooms | $1.7M | $3.7M | +119.1% |
| 5+ Bedrooms | $4.2M | $3.8M | -10.6% |
Summary: Sheridan-Kalorama housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.3%, 2 bedroom homes decreased by 10.3%, 3 bedroom homes increased by 41.2%, 4 bedroom homes increased by 119.1%, and 5+ bedroom homes decreased by 10.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Kalorama Triangle | $483.2K | $600K | +24.2% |
| Kalorama | $658.2K | $708K | +7.6% |
| Sheridan-Kalorama | $989.5K | $1.0M | +1.1% |
| Dupont Circle | $561K | $555K | -1.1% |
Housing Supply in Sheridan-Kalorama, DC
How many homes are available in Sheridan-Kalorama, DC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 53 | 54 | +1.9% |
Summary: The Sheridan-Kalorama real estate market had 54 homes for sale in March 2024, a 1.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 11 | 0.0% |
| 2 Bedrooms | 10 | 9 | -10.0% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 12 | 12 | 0.0% |
| 5+ Bedrooms | 14 | 14 | 0.0% |
Summary: The Sheridan-Kalorama 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 decreased by 10%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sheridan-Kalorama, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Sheridan-Kalorama in March 2024, up by 66.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for Sheridan-Kalorama, DC
How long does it take to sell a home in Sheridan-Kalorama, DC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 6 Days | 6 Days | +13.3% |
Summary: Homes in Sheridan-Kalorama had an average of 6 days on market in Mar 2024, up by 13.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sheridan-Kalorama are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in Sheridan-Kalorama; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
