Is Edgewood / Bloomingdale / Truxton Circle / Eckington, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Edgewood / Bloomingdale / Truxton Circle / Eckington was a Seller's Market.
Key Takeaway
Edgewood / Bloomingdale / Truxton Circle / Eckington is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Edgewood / Bloomingdale / Truxton Circle / Eckington, DC
How much do homes in Edgewood / Bloomingdale / Truxton Circle / Eckington, DC cost?
Median Sold Price
$755,000
$477/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Edgewood / Bloomingdale / Truxton Circle / Eckington have sold for 0.7% more than they did a year ago.
Summary: The median home sold price in Edgewood / Bloomingdale / Truxton Circle / Eckington was $755,000 in April 2024, up 0.7% from last year, and the median price per square foot was $477.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $361.5K | $349.9K | -3.2% |
| 2 Bedrooms | $590K | $560K | -5.1% |
| 3 Bedrooms | $753.7K | $780K | +3.5% |
| 4 Bedrooms | $1.0M | $941.5K | -5.8% |
| 5+ Bedrooms | $1.2M | $1.2M | +3.4% |
Summary: Edgewood / Bloomingdale / Truxton Circle / Eckington housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.2%, 2 bedroom homes decreased by 5.1%, 3 bedroom homes increased by 3.5%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes increased by 3.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Bloomingdale | $857.8K | $893K | +4.1% |
| Edgewood | $619K | $635K | +2.6% |
| Edgewood / Bloomingdale / Truxton Circle / Eckington | $750K | $755K | +0.7% |
| Eckington | $750K | $675K | -10.0% |
| Brentwood | $550K | $485K | -11.8% |
Housing Supply in Edgewood / Bloomingdale / Truxton Circle / Eckington, DC
How many homes are available in Edgewood / Bloomingdale / Truxton Circle / Eckington, DC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 140 | 180 | +28.6% |
Summary: The Edgewood / Bloomingdale / Truxton Circle / Eckington real estate market had 180 homes for sale in April 2024, a 28.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 20 | +53.8% |
| 2 Bedrooms | 31 | 49 | +58.1% |
| 3 Bedrooms | 51 | 59 | +15.7% |
| 4 Bedrooms | 31 | 36 | +16.1% |
| 5+ Bedrooms | 14 | 16 | +14.3% |
Summary: The Edgewood / Bloomingdale / Truxton Circle / Eckington housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 53.8%, 2 bedroom homes increased by 58.1%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 19 | -29.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Edgewood / Bloomingdale / Truxton Circle / Eckington, you may be able to get a good deal. 42.1% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Edgewood / Bloomingdale / Truxton Circle / Eckington in April 2024, down by 29.6% month-over-month. Of the 19 sold homes, 42% were sold under asking, 21% were sold at asking, and 37% were sold over asking.
Days on Market for Edgewood / Bloomingdale / Truxton Circle / Eckington, DC
How long does it take to sell a home in Edgewood / Bloomingdale / Truxton Circle / Eckington, DC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 22 Days | 21 Days | -4.5% |
Summary: Homes in Edgewood / Bloomingdale / Truxton Circle / Eckington had an average of 21 days on market in Apr 2024, down by 4.5% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Edgewood / Bloomingdale / Truxton Circle / Eckington are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 19 homes were sold in Edgewood / Bloomingdale / Truxton Circle / Eckington; 74% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
