Is Truxton Circle, 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, Truxton Circle has remained a Buyer's Market.
Key Takeaway
Truxton Circle is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Truxton Circle, DC
How much do homes in Truxton Circle, DC cost?
Median Sold Price
$755,000
$469/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Truxton Circle have sold for 2% more than they did a year ago.
Summary: The median home sold price in Truxton Circle was $755,000 in March 2024, up 2% from last year, and the median price per square foot was $469.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $457.9K | $487.5K | +6.4% |
| 2 Bedrooms | $713K | $630K | -11.6% |
| 3 Bedrooms | $840.1K | $770K | -8.3% |
| 4 Bedrooms | $890K | $870K | -2.2% |
| 5+ Bedrooms | - | $827.5K | N/A |
Summary: Truxton Circle housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.4%, 2 bedroom homes decreased by 11.6%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Bloomingdale | $832K | $949K | +14.1% |
| LeDroit Park | $829K | $863.5K | +4.2% |
| Truxton Circle | $740K | $755K | +2.0% |
| Eckington | $739K | $682.4K | -7.7% |
Housing Supply in Truxton Circle, DC
How many homes are available in Truxton Circle, DC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 110 | 113 | +2.7% |
Summary: The Truxton Circle real estate market had 113 homes for sale in March 2024, a 2.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 28 | 28 | 0.0% |
| 2 Bedrooms | 23 | 24 | +4.3% |
| 3 Bedrooms | 37 | 41 | +10.8% |
| 4 Bedrooms | 14 | 15 | +7.1% |
| 5+ Bedrooms | 8 | 5 | -37.5% |
Summary: The Truxton Circle 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 4.3%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 37.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Truxton Circle, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Truxton Circle in March 2024, up by 33.3% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.
Days on Market for Truxton Circle, DC
How long does it take to sell a home in Truxton Circle, DC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 53 Days | 44 Days | -16.1% |
Summary: Homes in Truxton Circle had an average of 44 days on market in Mar 2024, down by 16.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Truxton Circle are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in Truxton Circle; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
