$4,749 Closing Credit*
$399,900
632 SqFt
1 Bed
•1 Full Bath
Mirjana Stanisavljev, Listing Office: Long & Foster Real Estate, Inc.
Is 20003, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, 20003 was a Seller's Market.
Key Takeaway
20003 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 20003, DC
How much do homes in 20003, DC cost?
Median Sold Price
$859,250
$614/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$31,750(+3.8%)
Key Takeaway
Homes in 20003 have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in 20003 was $859,250 in December 2024, up 3.8% from last year, and the median price per square foot was $614.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $393.7K | $390.5K | -0.8% |
| 2 Bedrooms | $750K | $738K | -1.6% |
| 3 Bedrooms | $996.5K | $940K | -5.7% |
| 4 Bedrooms | $1.2M | $1.2M | +1.2% |
| 5+ Bedrooms | $2.1M | $1.6M | -21.4% |
Summary: 20003 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.8%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes increased by 1.2%, 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
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 148 | 150 | +1.4% |
Summary: The 20003 real estate market had 150 homes for sale in December 2024, a 1.4% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 37 | 40 | +8.1% |
| 2 Bedrooms | 50 | 55 | +10.0% |
| 3 Bedrooms | 31 | 28 | -9.7% |
| 4 Bedrooms | 22 | 20 | -9.1% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The 20003 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.1%, 2 bedroom homes increased by 10%, 3 bedroom homes decreased by 9.7%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 22 | 24 | +9.1% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20003, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in 20003 in December 2024, up by 9.1% month-over-month. Of the 24 sold homes, 58% were sold under asking, 25% were sold at asking, and 17% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 32 Days | 50 Days | +53.8% |
Summary: Homes in 20003 had an average of 50 days on market in Dec 2024, up by 53.8% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 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 December 2024, 24 homes were sold in 20003; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
