$3,918 Closing Credit*
$329,900
803 SqFt
1 Bed
•1 Full Bath
Deyi S Awadallah, Listing Office: D.S.A. Properties & Investments LLC
Is 20016, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$1,205,833
$567/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$7,833(+0.7%)
Key Takeaway
Homes in 20016 have sold for 0.7% more than they did a year ago.
Summary: The median home sold price in 20016 was $1,205,833 in November 2024, up 0.7% from last year, and the median price per square foot was $567.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $320K | $315K | -1.6% |
| 2 Bedrooms | $600K | $605K | +0.8% |
| 3 Bedrooms | $1.2M | $1.2M | -1.1% |
| 4 Bedrooms | $1.6M | $1.6M | +3.5% |
| 5+ Bedrooms | $2.5M | $2.6M | +6.1% |
Summary: 20016 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.6%, 2 bedroom homes increased by 0.8%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 6.1%.
Housing Supply in 20016, DC
How many homes are available in 20016, DC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 146 | 133 | -8.9% |
Summary: The 20016 real estate market had 133 homes for sale in November 2024, a 8.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 38 | 36 | -5.3% |
| 2 Bedrooms | 26 | 26 | 0.0% |
| 3 Bedrooms | 25 | 20 | -20.0% |
| 4 Bedrooms | 23 | 16 | -30.4% |
| 5+ Bedrooms | 34 | 35 | +2.9% |
Summary: The 20016 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 5.3%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 30.4%, and 5+ bedroom homes increased by 2.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 29 | -23.7% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20016, you may be able to get a good deal. 58.6% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in 20016 in November 2024, down by 23.7% month-over-month. Of the 29 sold homes, 59% were sold under asking, 7% were sold at asking, and 34% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 38 Days | 35 Days | -7.8% |
Summary: Homes in 20016 had an average of 35 days on market in Nov 2024, down by 7.8% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 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 November 2024, 29 homes were sold in 20016; 59% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
