$10,000 Closing Credit*
$1,349,000
1,926 SqFt
4 Beds
•2 Full Baths, 2 Partial
Alan Chargin, Listing Office: Keller Williams Capital Properties
Is 20002, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 20002 was a Seller's Market.
Key Takeaway
20002 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 20002, DC
How much do homes in 20002, DC cost?
Median Sold Price
$746,249
$508/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$62,224(+9.1%)
Key Takeaway
Homes in 20002 have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in 20002 was $746,249 in October 2024, up 9.1% from last year, and the median price per square foot was $508.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $389K | $355K | -8.7% |
| 2 Bedrooms | $563.5K | $589.5K | +4.6% |
| 3 Bedrooms | $755K | $791.5K | +4.8% |
| 4 Bedrooms | $1.0M | $1.0M | -6.8% |
| 5+ Bedrooms | $1.3M | $1.5M | +14.0% |
Summary: 20002 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.7%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes increased by 14%.
Housing Supply in 20002, DC
How many homes are available in 20002, DC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 404 | 509 | +26.0% |
Summary: The 20002 real estate market had 509 homes for sale in October 2024, a 26.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 54 | 67 | +24.1% |
| 2 Bedrooms | 128 | 155 | +21.1% |
| 3 Bedrooms | 130 | 175 | +34.6% |
| 4 Bedrooms | 67 | 79 | +17.9% |
| 5+ Bedrooms | 25 | 33 | +32.0% |
Summary: The 20002 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 24.1%, 2 bedroom homes increased by 21.1%, 3 bedroom homes increased by 34.6%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes increased by 32%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 55 | +37.5% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20002, you may be able to get a good deal. 50.9% of homes here sold below asking price last month.
Summary: A total of 55 homes were sold or pending in 20002 in October 2024, up by 37.5% month-over-month. Of the 55 sold homes, 51% were sold under asking, 16% were sold at asking, and 33% were sold over asking.
Days on Market for 20002, DC
How long does it take to sell a home in 20002, DC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 37 Days | +17.6% |
Summary: Homes in 20002 had an average of 37 days on market in Oct 2024, up by 17.6% compared to last year.
Breakdown of Home Sale Times
39 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20002 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 55 homes were sold in 20002; 71% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
