$10,000 Closing Credit*
$995,000
1,370 SqFt
2 Beds
•2 Full Baths
Daryl Judy, Listing Office: Washington Fine Properties ,LLC
Is Adams Morgan, 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, Adams Morgan has remained a Seller's Market.
Key Takeaway
Adams Morgan is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Adams Morgan, DC
How much do homes in Adams Morgan, DC cost?
Median Sold Price
$555,000
$638/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$62,000(-10.0%)
Key Takeaway
Homes in Adams Morgan have sold for 10% less than they did a year ago.
Summary: The median home sold price in Adams Morgan was $555,000 in October 2024, down 10% from last year, and the median price per square foot was $638.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $395K | $378K | -4.3% |
| 2 Bedrooms | $730K | $731K | 0.1% |
| 3 Bedrooms | $1.0M | $1.1M | +11.2% |
| 4 Bedrooms | $1.3M | $1.2M | -4.7% |
| 5+ Bedrooms | $2.9M | $1.9M | -35.8% |
Summary: Adams Morgan housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.3%, 2 bedroom homes increased by 0.1%, 3 bedroom homes increased by 11.2%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes decreased by 35.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Kalorama | $675K | $749.5K | +11.0% |
| Kalorama Triangle | $587K | $562K | -4.3% |
| Lanier Heights | $486K | $447.2K | -8.0% |
| Adams Morgan | $617K | $555K | -10.0% |
Housing Supply in Adams Morgan, DC
How many homes are available in Adams Morgan, DC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 64 | 69 | +7.8% |
Summary: The Adams Morgan real estate market had 69 homes for sale in October 2024, a 7.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 26 | 29 | +11.5% |
| 2 Bedrooms | 26 | 25 | -3.8% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Adams Morgan housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.5%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes remained the same, 4 bedroom homes increased by 200%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 13 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Adams Morgan, expect to pay close to the asking price. 53.8% of homes here sold near the asking price last month.
Summary: A total of 13 homes were sold or pending in Adams Morgan in October 2024, the same as the previous month. Of the 13 sold homes, 23% were sold under asking, 54% were sold at asking, and 23% were sold over asking.
Days on Market for Adams Morgan, DC
How long does it take to sell a home in Adams Morgan, DC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 33 Days | +20.9% |
Summary: Homes in Adams Morgan had an average of 33 days on market in Oct 2024, up by 20.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Adams Morgan are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 13 homes were sold in Adams Morgan; 69% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
