Is West Village, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, West Village has remained a Seller's Market.
Housing Prices in West Village, DC
How much do homes in West Village, DC cost?
Median Sold Price
$1,820,000
$924/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in West Village was $1,820,000 in April 2024, up 12% from last year, and the median price per square foot was $924.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $633.2K | $950K | +50.0% |
2 Bedrooms | $936K | $1.3M | +39.4% |
3 Bedrooms | $1.4M | $2.0M | +39.7% |
4 Bedrooms | $2.3M | $2.7M | +16.5% |
5+ Bedrooms | $2.9M | $2.5M | -12.7% |
Summary: West Village housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 39.4%, 3 bedroom homes increased by 39.7%, 4 bedroom homes increased by 16.5%, and 5+ bedroom homes decreased by 12.7%.
Median Sold Price Compared To Nearby Neighborhoods
West Village | $1.6M | $1.8M | +12.0% |
Burleith / Hillandale | $1.7M | $1.7M | -0.9% |
East Village | $1.3M | $1.3M | -2.9% |
Georgetown | $1.5M | $1.4M | -7.1% |
Housing Supply in West Village, DC
How many homes are available in West Village, DC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
37 | 41 | +10.8% |
Summary: The West Village real estate market had 41 homes for sale in April 2024, a 10.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 13 | 14 | +7.7% |
3 Bedrooms | 9 | 12 | +33.3% |
4 Bedrooms | 6 | 5 | -16.7% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The West Village 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 increased by 7.7%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 7 | +40.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in West Village in April 2024, up by 40.0% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.
Days on Market for West Village, DC
How long does it take to sell a home in West Village, DC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
10 Days | 44 Days | +345.7% |
Summary: Homes in West Village had an average of 44 days on market in Apr 2024, up by 345.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in West Village; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.