$6,709 Closing Credit*
$565,000
1,810 SqFt
3 Beds
•2 Full Baths
Jennifer D Tilghman, Listing Office: Keller Williams Preferred Properties
Is 20020, 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, 20020 was a Neutral Market.
Key Takeaway
20020 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 20020, DC
How much do homes in 20020, DC cost?
Median Sold Price
$381,666
$243/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$28,333(-6.9%)
Key Takeaway
Homes in 20020 have sold for 6.9% less than they did a year ago.
Summary: The median home sold price in 20020 was $381,666 in October 2024, down 6.9% from last year, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | $138.5K | +25.9% |
| 2 Bedrooms | $275K | $212.5K | -22.7% |
| 3 Bedrooms | $425K | $425K | 0.0% |
| 4 Bedrooms | $525K | $515K | -1.9% |
| 5+ Bedrooms | $537.5K | $680K | +26.5% |
Summary: 20020 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.9%, 2 bedroom homes decreased by 22.7%, 3 bedroom homes did not change, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 26.5%.
Housing Supply in 20020, DC
How many homes are available in 20020, DC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 218 | 248 | +13.8% |
Summary: The 20020 real estate market had 248 homes for sale in October 2024, a 13.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 18 | 21 | +16.7% |
| 2 Bedrooms | 67 | 75 | +11.9% |
| 3 Bedrooms | 82 | 92 | +12.2% |
| 4 Bedrooms | 39 | 47 | +20.5% |
| 5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The 20020 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 20.5%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 28 | +100.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20020, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in 20020 in October 2024, up by 100.0% month-over-month. Of the 28 sold homes, 50% were sold under asking, 21% were sold at asking, and 29% were sold over asking.
Days on Market for 20020, DC
How long does it take to sell a home in 20020, DC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 56 Days | +78.6% |
Summary: Homes in 20020 had an average of 56 days on market in Oct 2024, up by 78.6% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 20020 has remained consistent over time.
Summary: During October 2024, 28 homes were sold in 20020; 39% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
