$5,225 Closing Credit*
$440,000
540 SqFt
1 Bed
•1 Full Bath
Brent E Jackson, Listing Office: TTR Sotheby's International Realty
Is 20003, 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, 20003 was a Seller's Market.
Key Takeaway
20003 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 20003, DC
How much do homes in 20003, DC cost?
Median Sold Price
$856,600
$614/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$7,350(+0.9%)
Key Takeaway
Homes in 20003 have sold for 0.9% more than they did a year ago.
Summary: The median home sold price in 20003 was $856,600 in November 2024, up 0.9% from last year, and the median price per square foot was $614.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $387.5K | $395K | +1.9% |
| 2 Bedrooms | $750K | $718K | -4.3% |
| 3 Bedrooms | $1.0M | $940K | -10.5% |
| 4 Bedrooms | $1.2M | $1.2M | +2.2% |
| 5+ Bedrooms | $2.1M | $1.6M | -21.4% |
Summary: 20003 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.9%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 21.4%.
Housing Supply in 20003, DC
How many homes are available in 20003, DC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 165 | 162 | -1.8% |
Summary: The 20003 real estate market had 162 homes for sale in November 2024, a 1.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 46 | 42 | -8.7% |
| 2 Bedrooms | 50 | 56 | +12.0% |
| 3 Bedrooms | 36 | 31 | -13.9% |
| 4 Bedrooms | 23 | 25 | +8.7% |
| 5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The 20003 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 8.7%, 2 bedroom homes increased by 12%, 3 bedroom homes decreased by 13.9%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 22 | -29.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20003, expect to pay close to the asking price. 40.9% of homes here sold near the asking price last month.
Summary: A total of 22 homes were sold or pending in 20003 in November 2024, down by 29.0% month-over-month. Of the 22 sold homes, 32% were sold under asking, 41% were sold at asking, and 27% were sold over asking.
Days on Market for 20003, DC
How long does it take to sell a home in 20003, DC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 30 Days | +46.6% |
Summary: Homes in 20003 had an average of 30 days on market in Nov 2024, up by 46.6% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20003 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 22 homes were sold in 20003; 68% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
