Is Washington Highlands, 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, Washington Highlands was a Seller's Market.
Key Takeaway
Washington Highlands is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Washington Highlands, DC
How much do homes in Washington Highlands, DC cost?
Median Sold Price
$409,900
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Washington Highlands have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Washington Highlands was $409,900 in April 2024, up 5.1% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | - | N/A |
| 2 Bedrooms | $152.5K | $153K | 0.3% |
| 3 Bedrooms | $400K | $404.4K | +1.1% |
| 4 Bedrooms | $420K | $450K | +7.1% |
| 5+ Bedrooms | - | $619K | N/A |
Summary: Washington Highlands housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.3%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Washington Highlands | $390K | $409.9K | +5.1% |
| Congress Heights | $410K | $404K | -1.5% |
| Congress Heights / Bellevue / Washington Highlands | $400K | $390.5K | -2.4% |
Housing Supply in Washington Highlands, DC
How many homes are available in Washington Highlands, DC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 32 | 31 | -3.1% |
Summary: The Washington Highlands real estate market had 31 homes for sale in April 2024, a 3.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 9 | 11 | +22.2% |
| 4 Bedrooms | 8 | 5 | -37.5% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Washington Highlands housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 22.2%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Washington Highlands, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Washington Highlands in April 2024, down by 40.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for Washington Highlands, DC
How long does it take to sell a home in Washington Highlands, DC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 78 Days | 54 Days | -30.9% |
Summary: Homes in Washington Highlands had an average of 54 days on market in Apr 2024, down by 30.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Washington Highlands are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Washington Highlands; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
