Is Twining / Fairlawn / Randle / Dupont Park / Fort Davis 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, Twining / Fairlawn / Randle / Dupont Park / Fort Davis Park was a Seller's Market.
Key Takeaway
Twining / Fairlawn / Randle / Dupont Park / Fort Davis Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Twining / Fairlawn / Randle / Dupont Park / Fort Davis Park, DC
How much do homes in Twining / Fairlawn / Randle / Dupont Park / Fort Davis Park, DC cost?
Median Sold Price
$415,000
$271/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Twining / Fairlawn / Randle / Dupont Park / Fort Davis Park have sold for 2.2% less than they did a year ago.
Summary: The median home sold price in Twining / Fairlawn / Randle / Dupont Park / Fort Davis Park was $415,000 in May 2024, down 2.2% from last year, and the median price per square foot was $271.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275K | $105.5K | -61.6% |
| 2 Bedrooms | $397.4K | $340K | -14.5% |
| 3 Bedrooms | $405K | $407K | 0.5% |
| 4 Bedrooms | $552.5K | $490K | -11.3% |
| 5+ Bedrooms | $555K | $575K | +3.6% |
Summary: Twining / Fairlawn / Randle / Dupont Park / Fort Davis Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 61.6%, 2 bedroom homes decreased by 14.5%, 3 bedroom homes increased by 0.5%, 4 bedroom homes decreased by 11.3%, and 5+ bedroom homes increased by 3.6%.
Housing Supply in Twining / Fairlawn / Randle / Dupont Park / Fort Davis Park, DC
How many homes are available in Twining / Fairlawn / Randle / Dupont Park / Fort Davis Park, DC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 78 | 102 | +30.8% |
Summary: The Twining / Fairlawn / Randle / Dupont Park / Fort Davis Park real estate market had 102 homes for sale in May 2024, a 30.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 7 | +40.0% |
| 2 Bedrooms | 12 | 18 | +50.0% |
| 3 Bedrooms | 39 | 47 | +20.5% |
| 4 Bedrooms | 16 | 24 | +50.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Twining / Fairlawn / Randle / Dupont Park / Fort Davis Park housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 20.5%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Twining / Fairlawn / Randle / Dupont Park / Fort Davis Park, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Twining / Fairlawn / Randle / Dupont Park / Fort Davis Park in May 2024, the same as the previous month. Of the 8 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Twining / Fairlawn / Randle / Dupont Park / Fort Davis Park, DC
How long does it take to sell a home in Twining / Fairlawn / Randle / Dupont Park / Fort Davis Park, DC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 27 Days | 59 Days | +115.5% |
Summary: Homes in Twining / Fairlawn / Randle / Dupont Park / Fort Davis Park had an average of 59 days on market in May 2024, up by 115.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Twining / Fairlawn / Randle / Dupont Park / Fort Davis Park are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in Twining / Fairlawn / Randle / Dupont Park / Fort Davis Park; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
