$4,750 Closing Credit*
$400,000
830 SqFt
2 Beds
•2 Full Baths
Sam Sadeghi, Listing Office: Samson Properties
Is 16th Street Heights, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 16th Street Heights was a Seller's Market.
Key Takeaway
16th Street Heights is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 16th Street Heights, DC
How much do homes in 16th Street Heights, DC cost?
Median Sold Price
$826,500
$435/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$74,750(+9.9%)
Key Takeaway
Homes in 16th Street Heights have sold for 9.9% more than they did a year ago.
Summary: The median home sold price in 16th Street Heights was $826,500 in November 2024, up 9.9% from last year, and the median price per square foot was $435.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $338K | $325K | -3.8% |
| 2 Bedrooms | $502.5K | $522.5K | +4.0% |
| 3 Bedrooms | $747.5K | $699.5K | -6.4% |
| 4 Bedrooms | $935K | $1.0M | +15.2% |
| 5+ Bedrooms | $1.3M | $1.3M | -5.5% |
Summary: 16th Street Heights housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.8%, 2 bedroom homes increased by 4%, 3 bedroom homes decreased by 6.4%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes decreased by 5.5%.
Median Sold Price Compared To Nearby Neighborhoods
| 16th Street Heights | $751.7K | $826.5K | +9.9% |
| Brightwood Park | $595K | $650K | +9.2% |
| Petworth | $790K | $800K | +1.3% |
| Brightwood Park / Crestwood / Petworth / 16th Street Heights | $750.2K | $749.9K | 0% |
Housing Supply in 16th Street Heights, DC
How many homes are available in 16th Street Heights, DC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 90 | 98 | +8.9% |
Summary: The 16th Street Heights real estate market had 98 homes for sale in November 2024, a 8.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 20 | +33.3% |
| 2 Bedrooms | 18 | 22 | +22.2% |
| 3 Bedrooms | 22 | 21 | -4.5% |
| 4 Bedrooms | 21 | 20 | -4.8% |
| 5+ Bedrooms | 14 | 15 | +7.1% |
Summary: The 16th Street Heights housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 22.2%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 11 | +10.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 16th Street Heights, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 16th Street Heights in November 2024, up by 10.0% month-over-month. Of the 11 sold homes, 55% were sold under asking, 27% were sold at asking, and 18% were sold over asking.
Days on Market for 16th Street Heights, DC
How long does it take to sell a home in 16th Street Heights, DC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 43 Days | +69.6% |
Summary: Homes in 16th Street Heights had an average of 43 days on market in Nov 2024, up by 69.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 16th Street Heights are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in 16th Street Heights; 64% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
