$5,166 Closing Credit*
$435,000
590 SqFt
1 Bed
•1 Full Bath
Maurice B Purvis, Listing Office: HomeSmart
Is Southwest Waterfront / Fort McNair / Buzzard Point, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Southwest Waterfront / Fort McNair / Buzzard Point has remained a Buyer's Market.
Key Takeaway
Southwest Waterfront / Fort McNair / Buzzard Point is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Southwest Waterfront / Fort McNair / Buzzard Point, DC
How much do homes in Southwest Waterfront / Fort McNair / Buzzard Point, DC cost?
Median Sold Price
$487,000
$478/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$29,550(+6.5%)
Key Takeaway
Homes in Southwest Waterfront / Fort McNair / Buzzard Point have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Southwest Waterfront / Fort McNair / Buzzard Point was $487,000 in November 2024, up 6.5% from last year, and the median price per square foot was $478.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $344K | $325K | -5.5% |
| 2 Bedrooms | $513K | $600K | +17.0% |
| 3 Bedrooms | $730K | $717.5K | -1.7% |
| 4 Bedrooms | $1.1M | $920K | -22.9% |
| 5+ Bedrooms | - | - | N/A |
Summary: Southwest Waterfront / Fort McNair / Buzzard Point housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.5%, 2 bedroom homes increased by 17%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes decreased by 22.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Southwest Waterfront / Fort McNair / Buzzard Point | $457.4K | $487K | +6.5% |
| Southwest Waterfront | $450K | $463.5K | +3.0% |
Housing Supply in Southwest Waterfront / Fort McNair / Buzzard Point, DC
How many homes are available in Southwest Waterfront / Fort McNair / Buzzard Point, DC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 98 | 93 | -5.1% |
Summary: The Southwest Waterfront / Fort McNair / Buzzard Point real estate market had 93 homes for sale in November 2024, a 5.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 40 | 36 | -10.0% |
| 2 Bedrooms | 43 | 42 | -2.3% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Southwest Waterfront / Fort McNair / Buzzard Point housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 5 | -61.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southwest Waterfront / Fort McNair / Buzzard Point, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Southwest Waterfront / Fort McNair / Buzzard Point in November 2024, down by 61.5% month-over-month. Of the 5 sold homes, 40% were sold under asking, 60% were sold at asking, and 0% were sold over asking.
Days on Market for Southwest Waterfront / Fort McNair / Buzzard Point, DC
How long does it take to sell a home in Southwest Waterfront / Fort McNair / Buzzard Point, DC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 48 Days | +153.7% |
Summary: Homes in Southwest Waterfront / Fort McNair / Buzzard Point had an average of 48 days on market in Nov 2024, up by 153.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Southwest Waterfront / Fort McNair / Buzzard Point are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Southwest Waterfront / Fort McNair / Buzzard Point; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
