$5,800,000
6,600 SqFt
5 Beds
•5 Full Baths, 1 Partial
Robert Hryniewicki, Listing Office: Washington Fine Properties, LLC
Is 20008, 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, 20008 has remained a Seller's Market.
Key Takeaway
20008 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20008, DC
How much do homes in 20008, DC cost?
Median Sold Price
$725,000
$547/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$173,000(+31.3%)
Key Takeaway
Homes in 20008 have sold for 31.3% more than they did a year ago.
Summary: The median home sold price in 20008 was $725,000 in October 2024, up 31.3% from last year, and the median price per square foot was $547.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $380K | $367K | -3.4% |
| 2 Bedrooms | $565K | $594.9K | +5.3% |
| 3 Bedrooms | $1.2M | $1.3M | +11.6% |
| 4 Bedrooms | $1.8M | $1.8M | +2.1% |
| 5+ Bedrooms | $2.6M | $3.0M | +12.1% |
Summary: 20008 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.4%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 12.1%.
Housing Supply in 20008, DC
How many homes are available in 20008, DC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 109 | 120 | +10.1% |
Summary: The 20008 real estate market had 120 homes for sale in October 2024, a 10.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 39 | 43 | +10.3% |
| 2 Bedrooms | 23 | 30 | +30.4% |
| 3 Bedrooms | 13 | 13 | 0.0% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 24 | 25 | +4.2% |
Summary: The 20008 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10.3%, 2 bedroom homes increased by 30.4%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 4.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 27 | +22.7% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20008, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in 20008 in October 2024, up by 22.7% month-over-month. Of the 27 sold homes, 44% were sold under asking, 26% were sold at asking, and 30% were sold over asking.
Days on Market for 20008, DC
How long does it take to sell a home in 20008, DC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 36 Days | +58.9% |
Summary: Homes in 20008 had an average of 36 days on market in Oct 2024, up by 58.9% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20008 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 27 homes were sold in 20008; 63% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
