Is Twining / Fairlawn / Randle / Dupont Park / Fort Davis Park, 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, Twining / Fairlawn / Randle / Dupont Park / Fort Davis Park was a Seller's Market.
Key Takeaway
Twining / Fairlawn / Randle / Dupont Park / Fort Davis Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Twining / Fairlawn / Randle / Dupont Park / Fort Davis Park, DC
How much do homes in Twining / Fairlawn / Randle / Dupont Park / Fort Davis Park, DC cost?
Median Sold Price
$415,000
$273/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Twining / Fairlawn / Randle / Dupont Park / Fort Davis Park have sold for 1.4% less than they did a year ago.
Summary: The median home sold price in Twining / Fairlawn / Randle / Dupont Park / Fort Davis Park was $415,000 in April 2024, down 1.4% from last year, and the median price per square foot was $273.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $142K | $105.5K | -25.7% |
| 2 Bedrooms | $397.4K | $340K | -14.5% |
| 3 Bedrooms | $405K | $403.5K | -0.4% |
| 4 Bedrooms | $530K | $499.5K | -5.8% |
| 5+ Bedrooms | $555K | $575K | +3.6% |
Summary: Twining / Fairlawn / Randle / Dupont Park / Fort Davis Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.7%, 2 bedroom homes decreased by 14.5%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes increased by 3.6%.
Housing Supply in Twining / Fairlawn / Randle / Dupont Park / Fort Davis Park, DC
How many homes are available in Twining / Fairlawn / Randle / Dupont Park / Fort Davis Park, DC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 62 | 77 | +24.2% |
Summary: The Twining / Fairlawn / Randle / Dupont Park / Fort Davis Park real estate market had 77 homes for sale in April 2024, a 24.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 5 | +400.0% |
| 2 Bedrooms | 10 | 15 | +50.0% |
| 3 Bedrooms | 32 | 36 | +12.5% |
| 4 Bedrooms | 14 | 17 | +21.4% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Twining / Fairlawn / Randle / Dupont Park / Fort Davis Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 400%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
6 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 Twining / Fairlawn / Randle / Dupont Park / Fort Davis Park, 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 Twining / Fairlawn / Randle / Dupont Park / Fort Davis Park in April 2024, up by 14.3% month-over-month. Of the 8 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Twining / Fairlawn / Randle / Dupont Park / Fort Davis Park, DC
How long does it take to sell a home in Twining / Fairlawn / Randle / Dupont Park / Fort Davis Park, DC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 16 Days | 43 Days | +168.7% |
Summary: Homes in Twining / Fairlawn / Randle / Dupont Park / Fort Davis Park had an average of 43 days on market in Apr 2024, up by 168.7% 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 Twining / Fairlawn / Randle / Dupont Park / Fort Davis Park are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Twining / Fairlawn / Randle / Dupont Park / Fort Davis Park; 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.
