Is Wesley Heights, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Wesley Heights was a Seller's Market.
Key Takeaway
Wesley Heights is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Wesley Heights, DC
How much do homes in Wesley Heights, DC cost?
Median Sold Price
$849,000
$506/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Wesley Heights have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in Wesley Heights was $849,000 in June 2024, up 3.5% from last year, and the median price per square foot was $506.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $330K | $325K | -1.5% |
| 2 Bedrooms | $630K | $825K | +31.0% |
| 3 Bedrooms | $1.1M | $1.2M | +10.4% |
| 4 Bedrooms | $2.1M | $2.1M | -2.1% |
| 5+ Bedrooms | $3.3M | $3.3M | +1.1% |
Summary: Wesley Heights housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.5%, 2 bedroom homes increased by 31%, 3 bedroom homes increased by 10.4%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 1.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Wesley Heights | $820K | $849K | +3.5% |
| Palisades / Wesley Heights / Foxhall Crescent / Foxhall Village / Georgetown Reservoir | $1.3M | $1.2M | -5.7% |
Housing Supply in Wesley Heights, DC
How many homes are available in Wesley Heights, DC?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 49 | 54 | +10.2% |
Summary: The Wesley Heights real estate market had 54 homes for sale in June 2024, a 10.2% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 17 | 17 | 0.0% |
| 2 Bedrooms | 14 | 16 | +14.3% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The Wesley Heights housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wesley Heights, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Wesley Heights in June 2024, the same as the previous month. Of the 9 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% were sold over asking.
Days on Market for Wesley Heights, DC
How long does it take to sell a home in Wesley Heights, DC?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 14 Days | 12 Days | -16.9% |
Summary: Homes in Wesley Heights had an average of 12 days on market in Jun 2024, down by 16.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wesley Heights are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 9 homes were sold in Wesley Heights; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
