$3,739 Closing Credit*
$314,900
1,521 SqFt
3 Beds
•2 Full Baths
Pennye Green, Listing Office: Long & Foster Real Estate, Inc.
Is Benning Ridge, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Benning Ridge was a Neutral 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
$400,000
$285/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since November 2023.
Key Takeaway
The sold price of homes in Benning Ridge has remained the same since last year.
Summary: The median home sold price in Benning Ridge was $400,000 in November 2024, the same as last year, and the median price per square foot was $285.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $345K | $320K | -7.2% |
| 3 Bedrooms | $412.4K | $408.5K | -1.0% |
| 4 Bedrooms | $487.5K | $480K | -1.5% |
| 5+ Bedrooms | $670K | $523.5K | -21.9% |
Summary: Benning Ridge housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.2%, 3 bedroom homes decreased by 1%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes decreased by 21.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Benning Ridge | $400K | $400K | 0.0% |
| River Terrace / Benning / Greenway / Fort Dupont | $399.9K | $397K | -0.7% |
| Benning Heights | $432K | $428.5K | -0.8% |
Housing Supply in Benning Ridge, DC
How many homes are available in Benning Ridge, DC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 21 | -12.5% |
Summary: The Benning Ridge real estate market had 21 homes for sale in November 2024, a 12.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 11 | 8 | -27.3% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Benning Ridge housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 27.3%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Benning Ridge, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Benning Ridge in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 90 Days | 16 Days | -81.7% |
Summary: Homes in Benning Ridge had an average of 16 days on market in Nov 2024, down by 81.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were 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 November 2024, 2 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.
