$2,553 Closing Credit*
$215,000
781 SqFt
2 Beds
•1 Full Bath
Jordan Parker, Listing Office: RLAH @properties
Is Benning Ridge, 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, Benning Ridge has remained a Buyer's Market.
Key Takeaway
Benning Ridge is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Benning Ridge, DC
How much do homes in Benning Ridge, DC cost?
Median Sold Price
$406,500
$305/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$4,000(+1.0%)
Key Takeaway
Homes in Benning Ridge have sold for 1% more than they did a year ago.
Summary: The median home sold price in Benning Ridge was $406,500 in October 2024, up 1% from last year, and the median price per square foot was $305.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $345K | $362.5K | +5.1% |
| 3 Bedrooms | $420K | $408.5K | -2.7% |
| 4 Bedrooms | $488K | $480K | -1.6% |
| 5+ Bedrooms | $670K | $523.5K | -21.9% |
Summary: Benning Ridge housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.1%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes decreased by 21.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Benning Ridge | $402.5K | $406.5K | +1.0% |
| River Terrace / Benning / Greenway / Fort Dupont | $400K | $399.9K | 0% |
| Benning Heights | $432K | $432K | 0.0% |
Housing Supply in Benning Ridge, DC
How many homes are available in Benning Ridge, DC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 28 | +16.7% |
Summary: The Benning Ridge real estate market had 28 homes for sale in October 2024, a 16.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 12 | +33.3% |
| 3 Bedrooms | 11 | 12 | +9.1% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Benning Ridge 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 33.3%, 3 bedroom homes increased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Benning Ridge, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Benning Ridge in October 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Benning Ridge, DC
How long does it take to sell a home in Benning Ridge, DC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 5 Days | -77.8% |
Summary: Homes in Benning Ridge had an average of 5 days on market in Oct 2024, down by 77.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Benning Ridge are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in Benning Ridge; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
