$8,311 Closing Credit*
$699,900
988 SqFt
2 Beds
•2 Full Baths, 1 Partial
Kevin Rollins, Listing Office: RE/MAX Professionals
Is 20007, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 20007 has remained a Seller's Market.
Key Takeaway
20007 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20007, DC
How much do homes in 20007, DC cost?
Median Sold Price
$1,374,500
$695/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$120,166(+9.6%)
Key Takeaway
Homes in 20007 have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in 20007 was $1,374,500 in November 2024, up 9.6% from last year, and the median price per square foot was $695.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $355K | $365K | +2.8% |
| 2 Bedrooms | $837K | $900K | +7.5% |
| 3 Bedrooms | $1.4M | $1.5M | +4.1% |
| 4 Bedrooms | $1.9M | $1.8M | -6.4% |
| 5+ Bedrooms | $2.7M | $2.9M | +5.4% |
Summary: 20007 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.8%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 4.1%, 4 bedroom homes decreased by 6.4%, and 5+ bedroom homes increased by 5.4%.
Housing Supply in 20007, DC
How many homes are available in 20007, DC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 173 | 178 | +2.9% |
Summary: The 20007 real estate market had 178 homes for sale in November 2024, a 2.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 42 | 39 | -7.1% |
| 2 Bedrooms | 39 | 46 | +17.9% |
| 3 Bedrooms | 29 | 24 | -17.2% |
| 4 Bedrooms | 29 | 23 | -20.7% |
| 5+ Bedrooms | 34 | 46 | +35.3% |
Summary: The 20007 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.1%, 2 bedroom homes increased by 17.9%, 3 bedroom homes decreased by 17.2%, 4 bedroom homes decreased by 20.7%, and 5+ bedroom homes increased by 35.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 39 | 33 | -15.4% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20007, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 33 homes were sold or pending in 20007 in November 2024, down by 15.4% month-over-month. Of the 33 sold homes, 55% were sold under asking, 18% were sold at asking, and 27% were sold over asking.
Days on Market for 20007, DC
How long does it take to sell a home in 20007, DC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 41 Days | 42 Days | +1.4% |
Summary: Homes in 20007 had an average of 42 days on market in Nov 2024, up by 1.4% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20007 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 33 homes were sold in 20007; 67% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
