$8,311 Closing Credit*
$699,900
1,595 SqFt
3 Beds
•3 Full Baths
John Peters, Listing Office: Compass
Is 20018, 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, 20018 was a Seller's Market.
Key Takeaway
20018 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 20018, DC
How much do homes in 20018, DC cost?
Median Sold Price
$550,000
$337/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$97,000(-15.0%)
Key Takeaway
Homes in 20018 have sold for 15% less than they did a year ago.
Summary: The median home sold price in 20018 was $550,000 in October 2024, down 15% from last year, and the median price per square foot was $337.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $300K | $183.9K | -38.7% |
| 2 Bedrooms | $440K | $413.5K | -6.0% |
| 3 Bedrooms | $545K | $535K | -1.8% |
| 4 Bedrooms | $728.7K | $749K | +2.8% |
| 5+ Bedrooms | $925K | $850K | -8.1% |
Summary: 20018 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 38.7%, 2 bedroom homes decreased by 6%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes decreased by 8.1%.
Housing Supply in 20018, DC
How many homes are available in 20018, DC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 105 | 121 | +15.2% |
Summary: The 20018 real estate market had 121 homes for sale in October 2024, a 15.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 17 | 19 | +11.8% |
| 3 Bedrooms | 36 | 42 | +16.7% |
| 4 Bedrooms | 32 | 35 | +9.4% |
| 5+ Bedrooms | 17 | 22 | +29.4% |
Summary: The 20018 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 29.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 8 | -52.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20018, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in 20018 in October 2024, down by 52.9% month-over-month. Of the 8 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% were sold over asking.
Days on Market for 20018, DC
How long does it take to sell a home in 20018, DC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 34 Days | -2.6% |
Summary: Homes in 20018 had an average of 34 days on market in Oct 2024, down by 2.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 20018 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in 20018; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
