$6,995,000
6,725 SqFt
6 Beds
•6 Full Baths, 2 Partial
Michael W Rankin, Listing Office: TTR Sotheby's International Realty
Is 20008, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 20008 was a Seller's Market.
Key Takeaway
20008 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 20008, DC
How much do homes in 20008, DC cost?
Median Sold Price
$774,666
$543/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$215,466(+38.5%)
Key Takeaway
Homes in 20008 have sold for 38.5% more than they did a year ago.
Summary: The median home sold price in 20008 was $774,666 in November 2024, up 38.5% from last year, and the median price per square foot was $543.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $380K | $340K | -10.5% |
| 2 Bedrooms | $578K | $590K | +2.1% |
| 3 Bedrooms | $1.3M | $1.3M | -0.3% |
| 4 Bedrooms | $1.8M | $1.8M | -2.4% |
| 5+ Bedrooms | $2.8M | $2.8M | +1.7% |
Summary: 20008 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.5%, 2 bedroom homes increased by 2.1%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 1.7%.
Housing Supply in 20008, DC
How many homes are available in 20008, DC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 105 | 111 | +5.7% |
Summary: The 20008 real estate market had 111 homes for sale in November 2024, a 5.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 30 | 30 | 0.0% |
| 2 Bedrooms | 29 | 31 | +6.9% |
| 3 Bedrooms | 11 | 10 | -9.1% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 26 | 29 | +11.5% |
Summary: The 20008 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 6.9%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 11.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 17 | -37.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20008, you may be able to get a good deal. 64.7% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in 20008 in November 2024, down by 37.0% month-over-month. Of the 17 sold homes, 65% were sold under asking, 12% were sold at asking, and 24% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 42 Days | 39 Days | -7.6% |
Summary: Homes in 20008 had an average of 39 days on market in Nov 2024, down by 7.6% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
3 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 November 2024, 17 homes were sold in 20008; 71% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
