Is Northeast, 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, Northeast was a Seller's Market.
Housing Prices in Northeast, DC
How much do homes in Northeast, DC cost?
Median Sold Price
$609,101
$427/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Northeast was $609,101 in April 2024, down 2.1% from last year, and the median price per square foot was $427.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $339.9K | $346K | +1.8% |
2 Bedrooms | $485.4K | $499.9K | +3.0% |
3 Bedrooms | $630.8K | $630.6K | 0% |
4 Bedrooms | $815K | $853.3K | +4.7% |
5+ Bedrooms | $1.0M | $1.0M | -3.8% |
Summary: Northeast housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.8%, 2 bedroom homes increased by 3%, 3 bedroom homes did not change, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes decreased by 3.8%.
Median Sold Price Compared To Nearby Neighborhoods
Langdon | $457.5K | $635K | +38.8% |
Woodridge / Fort Lincoln / Gateway | $632.5K | $650K | +2.8% |
Northeast | $622.3K | $609.1K | -2.1% |
Housing Supply in Northeast, DC
How many homes are available in Northeast, DC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
648 | 814 | +25.6% |
Summary: The Northeast real estate market had 814 homes for sale in April 2024, a 25.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 59 | 76 | +28.8% |
2 Bedrooms | 174 | 219 | +25.9% |
3 Bedrooms | 229 | 282 | +23.1% |
4 Bedrooms | 129 | 170 | +31.8% |
5+ Bedrooms | 57 | 67 | +17.5% |
Summary: The Northeast housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.8%, 2 bedroom homes increased by 25.9%, 3 bedroom homes increased by 23.1%, 4 bedroom homes increased by 31.8%, and 5+ bedroom homes increased by 17.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
110 | 113 | +2.7% |
Asking Price vs. Sold Price
44 Homes Were Sold
Under Asking
30 Homes Were Sold
At Asking
39 Homes Were Sold
Over Asking
Summary: A total of 113 homes were sold or pending in Northeast in April 2024, up by 2.7% month-over-month. Of the 113 sold homes, 39% were sold under asking, 27% were sold at asking, and 35% were sold over asking.
Days on Market for Northeast, DC
How long does it take to sell a home in Northeast, DC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
35 Days | 29 Days | -16.3% |
Summary: Homes in Northeast had an average of 29 days on market in Apr 2024, down by 16.3% compared to last year.
Breakdown of Home Sale Times
75 Homes Were Sold
Under 30 Days
33 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 113 homes were sold in Northeast; 66% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.