$10,000 Closing Credit*
$869,000
1,535 SqFt
2 Beds
•2 Full Baths
Clarence Pineda, Listing Office: Compass
Is 20005, 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, 20005 was a Seller's Market.
Key Takeaway
20005 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 20005, DC
How much do homes in 20005, DC cost?
Median Sold Price
$634,500
$699/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$19,500(+3.2%)
Key Takeaway
Homes in 20005 have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in 20005 was $634,500 in October 2024, up 3.2% from last year, and the median price per square foot was $699.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $430K | $429.9K | 0% |
| 2 Bedrooms | $760K | $740K | -2.6% |
| 3 Bedrooms | $1.1M | $1.5M | +30.4% |
| 4 Bedrooms | $1.7M | $1.8M | +5.7% |
| 5+ Bedrooms | $1.7M | $1.6M | -8.6% |
Summary: 20005 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.6%, 3 bedroom homes increased by 30.4%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes decreased by 8.6%.
Housing Supply in 20005, DC
How many homes are available in 20005, DC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 53 | 72 | +35.8% |
Summary: The 20005 real estate market had 72 homes for sale in October 2024, a 35.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 24 | 27 | +12.5% |
| 2 Bedrooms | 21 | 35 | +66.7% |
| 3 Bedrooms | 4 | 6 | +50.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 20005 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 11 | +83.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20005, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in 20005 in October 2024, up by 83.3% month-over-month. Of the 11 sold homes, 45% were sold under asking, 0% were sold at asking, and 55% were sold over asking.
Days on Market for 20005, DC
How long does it take to sell a home in 20005, DC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 31 Days | -9.7% |
Summary: Homes in 20005 had an average of 31 days on market in Oct 2024, down by 9.7% compared to last year.
Breakdown of Home Sale Times
8 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 20005 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in 20005; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
