Is Woodridge / Fort Lincoln / Gateway, 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, Woodridge / Fort Lincoln / Gateway was a Neutral Market.
Key Takeaway
Woodridge / Fort Lincoln / Gateway is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Woodridge / Fort Lincoln / Gateway, DC
How much do homes in Woodridge / Fort Lincoln / Gateway, DC cost?
Median Sold Price
$599,000
$299/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Woodridge / Fort Lincoln / Gateway have sold for 4.9% less than they did a year ago.
Summary: The median home sold price in Woodridge / Fort Lincoln / Gateway was $599,000 in March 2024, down 4.9% from last year, and the median price per square foot was $299.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $360K | N/A |
| 2 Bedrooms | $380K | $359K | -5.5% |
| 3 Bedrooms | $572.5K | $510K | -10.9% |
| 4 Bedrooms | $810K | $715K | -11.7% |
| 5+ Bedrooms | $925K | $782.5K | -15.4% |
Summary: Woodridge / Fort Lincoln / Gateway housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.5%, 3 bedroom homes decreased by 10.9%, 4 bedroom homes decreased by 11.7%, and 5+ bedroom homes decreased by 15.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Northeast | $629.5K | $605.7K | -3.8% |
| Woodridge / Fort Lincoln / Gateway | $630K | $599K | -4.9% |
Housing Supply in Woodridge / Fort Lincoln / Gateway, DC
How many homes are available in Woodridge / Fort Lincoln / Gateway, DC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 115 | 116 | +0.9% |
Summary: The Woodridge / Fort Lincoln / Gateway real estate market had 116 homes for sale in March 2024, a 0.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 9 | -10.0% |
| 3 Bedrooms | 53 | 50 | -5.7% |
| 4 Bedrooms | 25 | 30 | +20.0% |
| 5+ Bedrooms | 27 | 27 | 0.0% |
Summary: The Woodridge / Fort Lincoln / Gateway 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 decreased by 10%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 5 | -58.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Woodridge / Fort Lincoln / Gateway, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Woodridge / Fort Lincoln / Gateway in March 2024, down by 58.3% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Woodridge / Fort Lincoln / Gateway, DC
How long does it take to sell a home in Woodridge / Fort Lincoln / Gateway, DC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 93 Days | 19 Days | -79.4% |
Summary: Homes in Woodridge / Fort Lincoln / Gateway had an average of 19 days on market in Mar 2024, down by 79.4% compared to last year.
Breakdown of Home Sale Times
3 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 Woodridge / Fort Lincoln / Gateway are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in Woodridge / Fort Lincoln / Gateway; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
