Is 20009, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, 20009 was a Seller's Market.
Key Takeaway
20009 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 20009, DC
How much do homes in 20009, DC cost?
Median Sold Price
$635,000
$675/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 20009 have sold for 8.6% less than they did a year ago.
Summary: The median home sold price in 20009 was $635,000 in May 2024, down 8.6% from last year, and the median price per square foot was $675.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $430K | $400K | -7.0% |
| 2 Bedrooms | $739.9K | $715K | -3.4% |
| 3 Bedrooms | $1.1M | $1.1M | +3.2% |
| 4 Bedrooms | $1.5M | $1.7M | +13.8% |
| 5+ Bedrooms | $2.1M | $1.6M | -24.4% |
Summary: 20009 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7%, 2 bedroom homes decreased by 3.4%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes decreased by 24.4%.
Housing Supply in 20009, DC
How many homes are available in 20009, DC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 285 | 358 | +25.6% |
Summary: The 20009 real estate market had 358 homes for sale in May 2024, a 25.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 114 | 140 | +22.8% |
| 2 Bedrooms | 87 | 115 | +32.2% |
| 3 Bedrooms | 39 | 47 | +20.5% |
| 4 Bedrooms | 19 | 22 | +15.8% |
| 5+ Bedrooms | 26 | 34 | +30.8% |
Summary: The 20009 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.8%, 2 bedroom homes increased by 32.2%, 3 bedroom homes increased by 20.5%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 30.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 40 | 50 | +25.0% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20009, you may be able to get a good deal. 44% of homes here sold below asking price last month.
Summary: A total of 50 homes were sold or pending in 20009 in May 2024, up by 25.0% month-over-month. Of the 50 sold homes, 44% were sold under asking, 22% were sold at asking, and 34% were sold over asking.
Days on Market for 20009, DC
How long does it take to sell a home in 20009, DC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 25 Days | 21 Days | -16.3% |
Summary: Homes in 20009 had an average of 21 days on market in May 2024, down by 16.3% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 20009 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 50 homes were sold in 20009; 72% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
