Is Truxton Circle, 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, Truxton Circle was a Seller's Market.
Key Takeaway
Truxton Circle is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Truxton Circle, DC
How much do homes in Truxton Circle, DC cost?
Median Sold Price
$794,500
$458/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Truxton Circle have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in Truxton Circle was $794,500 in May 2024, up 8.8% from last year, and the median price per square foot was $458.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $470.7K | - | N/A |
| 2 Bedrooms | $631K | $665K | +5.4% |
| 3 Bedrooms | $840K | $762.5K | -9.2% |
| 4 Bedrooms | $890K | $920K | +3.4% |
| 5+ Bedrooms | - | $827.5K | N/A |
Summary: Truxton Circle housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.4%, 3 bedroom homes decreased by 9.2%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Truxton Circle | $730K | $794.5K | +8.8% |
| Bloomingdale | $924K | $900K | -2.6% |
| Eckington | $748.5K | $677K | -9.6% |
Housing Supply in Truxton Circle, DC
How many homes are available in Truxton Circle, DC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 27 | 37 | +37.0% |
Summary: The Truxton Circle real estate market had 37 homes for sale in May 2024, a 37.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 8 | 11 | +37.5% |
| 3 Bedrooms | 11 | 14 | +27.3% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Truxton Circle housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 37.5%, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Truxton Circle, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Truxton Circle in May 2024, up by 300.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Truxton Circle, DC
How long does it take to sell a home in Truxton Circle, DC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 16 Days | 48 Days | +187.2% |
Summary: Homes in Truxton Circle had an average of 48 days on market in May 2024, up by 187.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Truxton Circle are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Truxton Circle; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
