$3,549 Closing Credit*
$298,900
617 SqFt
1 Bed
•1 Full Bath
Rachel Miller, Listing Office: Redfin Corp
Is 20024, 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, 20024 has remained a Buyer's Market.
Key Takeaway
20024 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 20024, DC
How much do homes in 20024, DC cost?
Median Sold Price
$462,000
$468/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$50(0.0%)
Key Takeaway
The sold price of homes in 20024 has remained the same since last year.
Summary: The median home sold price in 20024 was $462,000 in November 2024, the same as last year, and the median price per square foot was $468.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $340K | $325K | -4.4% |
| 2 Bedrooms | $513K | $590K | +15.0% |
| 3 Bedrooms | $843K | $725K | -14.0% |
| 4 Bedrooms | $1.2M | $920K | -23.7% |
| 5+ Bedrooms | - | - | N/A |
Summary: 20024 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.4%, 2 bedroom homes increased by 15%, 3 bedroom homes decreased by 14%, 4 bedroom homes decreased by 23.7%, and 5+ bedroom homes did not change.
Housing Supply in 20024, DC
How many homes are available in 20024, DC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 90 | 85 | -5.6% |
Summary: The 20024 real estate market had 85 homes for sale in November 2024, a 5.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 36 | 33 | -8.3% |
| 2 Bedrooms | 40 | 38 | -5.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 20024 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 8.3%, 2 bedroom homes decreased by 5%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 6 | -50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20024, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 20024 in November 2024, down by 50.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 20024, DC
How long does it take to sell a home in 20024, DC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 42 Days | +122.8% |
Summary: Homes in 20024 had an average of 42 days on market in Nov 2024, up by 122.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 20024 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in 20024; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
