Is West End, 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, West End has remained a Buyer's Market.
Key Takeaway
West End is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in West End, DC
How much do homes in West End, DC cost?
Median Sold Price
$944,950
$823/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in West End have sold for 42.1% more than they did a year ago.
Summary: The median home sold price in West End was $944,950 in March 2024, up 42.1% from last year, and the median price per square foot was $823.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $435K | $547.5K | +25.9% |
| 2 Bedrooms | $950K | $1.0M | +15.3% |
| 3 Bedrooms | $4.4M | $2.9M | -34.8% |
| 4 Bedrooms | - | $1.5M | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: West End housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.9%, 2 bedroom homes increased by 15.3%, 3 bedroom homes decreased by 34.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| West End | $665.2K | $944.9K | +42.1% |
| Foggy Bottom / West End / GWU | $580K | $700K | +20.7% |
| East Village | $1.1M | $1.3M | +20.0% |
| Georgetown | $1.4M | $1.4M | +3.7% |
| Dupont Circle | $561K | $555K | -1.1% |
Housing Supply in West End, DC
How many homes are available in West End, DC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 76 | 83 | +9.2% |
Summary: The West End real estate market had 83 homes for sale in March 2024, a 9.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 21 | 23 | +9.5% |
| 2 Bedrooms | 40 | 44 | +10.0% |
| 3 Bedrooms | 11 | 12 | +9.1% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The West End housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.5%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
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 West End, 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 West End in March 2024, down by 25.0% 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 West End, DC
How long does it take to sell a home in West End, DC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 178 Days | 12 Days | -93.3% |
Summary: Homes in West End had an average of 12 days on market in Mar 2024, down by 93.3% compared to last year.
Breakdown of Home Sale Times
3 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 West End are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in West End; 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.
