Is Trinidad, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Trinidad was a Seller's Market.
Housing Prices in Trinidad, DC
How much do homes in Trinidad, DC cost?
Median Sold Price
$589,500
$414/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Trinidad was $589,500 in April 2024, down 1.6% from last year, and the median price per square foot was $414.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $335K | $297K | -11.3% |
2 Bedrooms | $512.4K | $499.5K | -2.5% |
3 Bedrooms | $673.4K | $610K | -9.4% |
4 Bedrooms | $900K | $877K | -2.6% |
5+ Bedrooms | $745K | $900K | +20.8% |
Summary: Trinidad housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.3%, 2 bedroom homes decreased by 2.5%, 3 bedroom homes decreased by 9.4%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes increased by 20.8%.
Median Sold Price Compared To Nearby Neighborhoods
Ivy City / Arboretum / Trinidad / Carver Langston | $524K | $520K | -0.8% |
Trinidad | $599K | $589.5K | -1.6% |
Carver Langston | $415K | $390K | -6.0% |
Housing Supply in Trinidad, DC
How many homes are available in Trinidad, DC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
44 | 72 | +63.6% |
Summary: The Trinidad real estate market had 72 homes for sale in April 2024, a 63.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 9 | +125.0% |
2 Bedrooms | 10 | 20 | +100.0% |
3 Bedrooms | 20 | 27 | +35.0% |
4 Bedrooms | 10 | 16 | +60.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Trinidad housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 125%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 35%, 4 bedroom homes increased by 60%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 6 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Trinidad in April 2024, up by 200.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% were sold over asking.
Days on Market for Trinidad, DC
How long does it take to sell a home in Trinidad, DC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
67 Days | 19 Days | -71.4% |
Summary: Homes in Trinidad had an average of 19 days on market in Apr 2024, down by 71.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Trinidad; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.