Is Barney Circle / Hill East, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Barney Circle / Hill East has remained a Seller's Market.
Key Takeaway
Barney Circle / Hill East is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Barney Circle / Hill East, DC
How much do homes in Barney Circle / Hill East, DC cost?
Median Sold Price
$785,000
$586/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Barney Circle / Hill East have sold for 7.6% less than they did a year ago.
Summary: The median home sold price in Barney Circle / Hill East was $785,000 in May 2024, down 7.6% from last year, and the median price per square foot was $586.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $384.9K | $339K | -11.9% |
| 2 Bedrooms | $693K | $700K | +1.0% |
| 3 Bedrooms | $928K | $835K | -10.0% |
| 4 Bedrooms | $1.1M | $1.1M | -5.4% |
| 5+ Bedrooms | $1.6M | $2.3M | +43.9% |
Summary: Barney Circle / Hill East housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.9%, 2 bedroom homes increased by 1%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes increased by 43.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Lincoln Park | $990K | $1.0M | +6.1% |
| Kingman Park | $625K | $650K | +4.0% |
| Capitol Hill / Lincoln Park | $875K | $875K | 0.0% |
| NoMa / Stanton Park / Kingman Park | $849K | $831.7K | -2.0% |
| Barney Circle / Hill East | $850K | $785K | -7.6% |
Housing Supply in Barney Circle / Hill East, DC
How many homes are available in Barney Circle / Hill East, DC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 56 | 64 | +14.3% |
Summary: The Barney Circle / Hill East real estate market had 64 homes for sale in May 2024, a 14.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 13 | +44.4% |
| 2 Bedrooms | 18 | 20 | +11.1% |
| 3 Bedrooms | 14 | 18 | +28.6% |
| 4 Bedrooms | 11 | 9 | -18.2% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Barney Circle / Hill East housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 44.4%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 28.6%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Asking Price vs. Sold Price
6 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 Barney Circle / Hill East, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Barney Circle / Hill East in May 2024, the same as the previous month. Of the 11 sold homes, 55% were sold under asking, 18% were sold at asking, and 27% were sold over asking.
Days on Market for Barney Circle / Hill East, DC
How long does it take to sell a home in Barney Circle / Hill East, DC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 47 Days | 23 Days | -50.9% |
Summary: Homes in Barney Circle / Hill East had an average of 23 days on market in May 2024, down by 50.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Barney Circle / Hill East are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 11 homes were sold in Barney Circle / Hill East; 73% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
