Is Pleasant Plains / LeDroit Park, 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, Pleasant Plains / LeDroit Park was a Seller's Market.
Key Takeaway
Pleasant Plains / LeDroit Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Pleasant Plains / LeDroit Park, DC
How much do homes in Pleasant Plains / LeDroit Park, DC cost?
Median Sold Price
$699,000
$521/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Pleasant Plains / LeDroit Park have sold for 4.7% less than they did a year ago.
Summary: The median home sold price in Pleasant Plains / LeDroit Park was $699,000 in May 2024, down 4.7% from last year, and the median price per square foot was $521.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $458K | $420.5K | -8.2% |
| 2 Bedrooms | $710K | $595K | -16.2% |
| 3 Bedrooms | $755K | $749.5K | -0.7% |
| 4 Bedrooms | $950K | $812.5K | -14.5% |
| 5+ Bedrooms | - | $1.1M | N/A |
Summary: Pleasant Plains / LeDroit Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.2%, 2 bedroom homes decreased by 16.2%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes decreased by 14.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Columbia Heights / Park View | $700K | $715.8K | +2.3% |
| Pleasant Plains | $704.9K | $712K | +1.0% |
| Bloomingdale | $924K | $900K | -2.6% |
| Pleasant Plains / LeDroit Park | $733.5K | $699K | -4.7% |
Housing Supply in Pleasant Plains / LeDroit Park, DC
How many homes are available in Pleasant Plains / LeDroit Park, DC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 29 | 42 | +44.8% |
Summary: The Pleasant Plains / LeDroit Park real estate market had 42 homes for sale in May 2024, a 44.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 10 | +100.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 8 | 14 | +75.0% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Pleasant Plains / LeDroit Park housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 75%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pleasant Plains / LeDroit Park, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Pleasant Plains / LeDroit Park in May 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Pleasant Plains / LeDroit Park, DC
How long does it take to sell a home in Pleasant Plains / LeDroit Park, DC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 20 Days | 47 Days | +137.5% |
Summary: Homes in Pleasant Plains / LeDroit Park had an average of 47 days on market in May 2024, up by 137.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Pleasant Plains / LeDroit Park has remained consistent over time.
Summary: During May 2024, 2 homes were sold in Pleasant Plains / LeDroit Park; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
