$3,859 Closing Credit*
$325,000
935 SqFt
2 Beds
•1 Full Bath
Jesse Grimste, Listing Office: Compass
Is 20016, 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, 20016 has remained a Seller's Market.
Key Takeaway
20016 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20016, DC
How much do homes in 20016, DC cost?
Median Sold Price
$1,143,750
$562/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$56,250(-4.7%)
Key Takeaway
Homes in 20016 have sold for 4.7% less than they did a year ago.
Summary: The median home sold price in 20016 was $1,143,750 in October 2024, down 4.7% from last year, and the median price per square foot was $562.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $322.5K | $318K | -1.4% |
| 2 Bedrooms | $600K | $600K | 0.0% |
| 3 Bedrooms | $1.2M | $1.2M | +2.9% |
| 4 Bedrooms | $1.6M | $1.7M | +5.9% |
| 5+ Bedrooms | $2.5M | $2.5M | +2.6% |
Summary: 20016 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.4%, 2 bedroom homes did not change, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 2.6%.
Housing Supply in 20016, DC
How many homes are available in 20016, DC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 136 | 163 | +19.9% |
Summary: The 20016 real estate market had 163 homes for sale in October 2024, a 19.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 40 | 45 | +12.5% |
| 2 Bedrooms | 23 | 27 | +17.4% |
| 3 Bedrooms | 20 | 27 | +35.0% |
| 4 Bedrooms | 13 | 25 | +92.3% |
| 5+ Bedrooms | 40 | 39 | -2.5% |
Summary: The 20016 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 17.4%, 3 bedroom homes increased by 35%, 4 bedroom homes increased by 92.3%, and 5+ bedroom homes decreased by 2.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 36 | +111.8% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20016, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in 20016 in October 2024, up by 111.8% month-over-month. Of the 36 sold homes, 44% were sold under asking, 33% were sold at asking, and 22% were sold over asking.
Days on Market for 20016, DC
How long does it take to sell a home in 20016, DC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 36 Days | +8.6% |
Summary: Homes in 20016 had an average of 36 days on market in Oct 2024, up by 8.6% compared to last year.
Breakdown of Home Sale Times
25 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 20016 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 36 homes were sold in 20016; 69% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
