Is Lincoln Park, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lincoln Park has remained a Seller's Market.
Housing Prices in Lincoln Park, DC
How much do homes in Lincoln Park, DC cost?
Median Sold Price
$1,036,000
$606/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lincoln Park was $1,036,000 in April 2024, down 4% from last year, and the median price per square foot was $606.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $445K | $469K | +5.4% |
2 Bedrooms | $839K | $825K | -1.7% |
3 Bedrooms | $1.2M | $995K | -19.3% |
4 Bedrooms | $1.3M | $1.4M | +4.3% |
5+ Bedrooms | $1.6M | $1.8M | +7.1% |
Summary: Lincoln Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.4%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes decreased by 19.3%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 7.1%.
Median Sold Price Compared To Nearby Neighborhoods
Capitol Hill / Lincoln Park | $880K | $875K | -0.6% |
NoMa / Stanton Park / Kingman Park | $848.5K | $825K | -2.8% |
Lincoln Park | $1.0M | $1.0M | -4.0% |
Barney Circle / Hill East | $850K | $791.5K | -6.9% |
Stanton Park | $1.0M | $951K | -8.6% |
Housing Supply in Lincoln Park, DC
How many homes are available in Lincoln Park, DC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 | 42 | +31.3% |
Summary: The Lincoln Park real estate market had 42 homes for sale in April 2024, a 31.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 6 | 8 | +33.3% |
3 Bedrooms | 10 | 13 | +30.0% |
4 Bedrooms | 9 | 12 | +33.3% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Lincoln Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 12 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Lincoln Park in April 2024, up by 50.0% month-over-month. Of the 12 sold homes, 17% were sold under asking, 8% were sold at asking, and 75% were sold over asking.
Days on Market for Lincoln Park, DC
How long does it take to sell a home in Lincoln Park, DC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
12 Days | 20 Days | +59.7% |
Summary: Homes in Lincoln Park had an average of 20 days on market in Apr 2024, up by 59.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Lincoln Park; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.