Is Woodley Park, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Woodley Park was a Neutral Market.
Key Takeaway
Woodley Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Woodley Park, DC
How much do homes in Woodley Park, DC cost?
Median Sold Price
$700,000
$571/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Woodley Park have sold for 41.4% more than they did a year ago.
Summary: The median home sold price in Woodley Park was $700,000 in March 2024, up 41.4% from last year, and the median price per square foot was $571.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $475K | $468.7K | -1.3% |
| 2 Bedrooms | $474.9K | $700K | +47.4% |
| 3 Bedrooms | $1.4M | $2.1M | +47.5% |
| 4 Bedrooms | $1.8M | $2.0M | +10.6% |
| 5+ Bedrooms | $1.8M | $2.0M | +12.3% |
Summary: Woodley Park housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.3%, 2 bedroom homes increased by 47.4%, 3 bedroom homes increased by 47.5%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 12.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Woodley Park | $495K | $700K | +41.4% |
| Northwest | $745.5K | $750.3K | +0.6% |
Housing Supply in Woodley Park, DC
How many homes are available in Woodley Park, DC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 45 | 50 | +11.1% |
Summary: The Woodley Park real estate market had 50 homes for sale in March 2024, a 11.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 18 | 18 | 0.0% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 13 | 16 | +23.1% |
Summary: The Woodley Park housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 23.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 7 | +600.0% |
Asking Price vs. Sold Price
2 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 Woodley Park, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Woodley Park in March 2024, up by 600.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.
Days on Market for Woodley Park, DC
How long does it take to sell a home in Woodley Park, DC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 14 Days | 25 Days | +78.4% |
Summary: Homes in Woodley Park had an average of 25 days on market in Mar 2024, up by 78.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Woodley Park are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 7 homes were sold in Woodley Park; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
