Is University Heights, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, University Heights was a Neutral Market.
Key Takeaway
University Heights is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in University Heights, DC
How much do homes in University Heights, DC cost?
Median Sold Price
$616,452
$439/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in University Heights have sold for 77.1% more than they did a month ago.
Summary: The median home sold price in University Heights was $616,452 in April 2024, up 77.1% from last month, and the median price per square foot was $439.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $236K | $247.9K | +5.0% |
| 2 Bedrooms | $460K | - | N/A |
| 3 Bedrooms | - | - | N/A |
| 4 Bedrooms | - | $985K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: University Heights housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes increased by 5%, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in University Heights, DC
How many homes are available in University Heights, DC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 15 | +7.1% |
Summary: The University Heights real estate market had 15 homes for sale in April 2024, a 7.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 2 | 4 | +100.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The University Heights housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in University Heights, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in University Heights in April 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for University Heights, DC
How long does it take to sell a home in University Heights, DC?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 48 Days | 59 Days | +24.0% |
Summary: Homes in University Heights had an average of 59 days on market in Apr 2024, up by 24% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in University Heights has remained consistent over time.
Summary: During April 2024, 2 homes were sold in University Heights; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
