$7,066 Closing Credit*
$595,000
1,181 SqFt
2 Beds
•2 Full Baths
Annabel D Burch-Murton, Listing Office: Compass
Is 20010, 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, 20010 was a Seller's Market.
Key Takeaway
20010 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 20010, DC
How much do homes in 20010, DC cost?
Median Sold Price
$756,500
$490/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$500(+0.1%)
Key Takeaway
The sold price of homes in 20010 has remained the same since last year.
Summary: The median home sold price in 20010 was $756,500 in October 2024, up 0.1% from last year, and the median price per square foot was $490.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $365.5K | $347K | -5.1% |
| 2 Bedrooms | $615K | $556.7K | -9.5% |
| 3 Bedrooms | $775K | $794.9K | +2.6% |
| 4 Bedrooms | $1.0M | $995K | -0.9% |
| 5+ Bedrooms | $1.2M | $1.3M | +6.8% |
Summary: 20010 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.1%, 2 bedroom homes decreased by 9.5%, 3 bedroom homes increased by 2.6%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 6.8%.
Housing Supply in 20010, DC
How many homes are available in 20010, DC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 140 | 173 | +23.6% |
Summary: The 20010 real estate market had 173 homes for sale in October 2024, a 23.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 31 | 36 | +16.1% |
| 2 Bedrooms | 34 | 36 | +5.9% |
| 3 Bedrooms | 38 | 47 | +23.7% |
| 4 Bedrooms | 23 | 33 | +43.5% |
| 5+ Bedrooms | 14 | 21 | +50.0% |
Summary: The 20010 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.1%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 23.7%, 4 bedroom homes increased by 43.5%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 26 | +85.7% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20010, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in 20010 in October 2024, up by 85.7% month-over-month. Of the 26 sold homes, 46% were sold under asking, 31% were sold at asking, and 23% were sold over asking.
Days on Market for 20010, DC
How long does it take to sell a home in 20010, DC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 29 Days | -14.7% |
Summary: Homes in 20010 had an average of 29 days on market in Oct 2024, down by 14.7% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 20010 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 26 homes were sold in 20010; 73% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
