$10,000 Closing Credit*
$1,750,000
1,400 SqFt
2 Beds
•2 Full Baths
Mark D McFadden, Listing Office: Compass
Is 20007, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$1,375,000
$697/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$145,000(+11.8%)
Key Takeaway
Homes in 20007 have sold for 11.8% more than they did a year ago.
Summary: The median home sold price in 20007 was $1,375,000 in October 2024, up 11.8% from last year, and the median price per square foot was $697.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $365K | $369.5K | +1.2% |
| 2 Bedrooms | $811K | $953K | +17.5% |
| 3 Bedrooms | $1.3M | $1.5M | +9.5% |
| 4 Bedrooms | $1.9M | $1.8M | -5.8% |
| 5+ Bedrooms | $2.8M | $2.9M | +4.5% |
Summary: 20007 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.2%, 2 bedroom homes increased by 17.5%, 3 bedroom homes increased by 9.5%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes increased by 4.5%.
Housing Supply in 20007, DC
How many homes are available in 20007, DC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 150 | 196 | +30.7% |
Summary: The 20007 real estate market had 196 homes for sale in October 2024, a 30.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 36 | 46 | +27.8% |
| 2 Bedrooms | 37 | 46 | +24.3% |
| 3 Bedrooms | 22 | 29 | +31.8% |
| 4 Bedrooms | 23 | 31 | +34.8% |
| 5+ Bedrooms | 32 | 44 | +37.5% |
Summary: The 20007 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 27.8%, 2 bedroom homes increased by 24.3%, 3 bedroom homes increased by 31.8%, 4 bedroom homes increased by 34.8%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 37 | +146.7% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20007, you may be able to get a good deal. 37.8% of homes here sold below asking price last month.
Summary: A total of 37 homes were sold or pending in 20007 in October 2024, up by 146.7% month-over-month. Of the 37 sold homes, 38% were sold under asking, 27% were sold at asking, and 35% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 40 Days | 34 Days | -14.5% |
Summary: Homes in 20007 had an average of 34 days on market in Oct 2024, down by 14.5% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
6 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 October 2024, 37 homes were sold in 20007; 78% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
