$10,000 Closing Credit*
$1,164,000
2,776 SqFt
5 Beds
•2 Full Baths, 1 Partial
Pee Jay Romell Sabater Santos, Listing Office: Compass
Is Bloomingdale, 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, Bloomingdale was a Seller's Market.
Key Takeaway
Bloomingdale is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Bloomingdale, DC
How much do homes in Bloomingdale, DC cost?
Median Sold Price
$900,000
$489/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$49,000(-5.2%)
Key Takeaway
Homes in Bloomingdale have sold for 5.2% less than they did a year ago.
Summary: The median home sold price in Bloomingdale was $900,000 in October 2024, down 5.2% from last year, and the median price per square foot was $489.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $372K | $367.5K | -1.2% |
| 2 Bedrooms | $566K | $567.5K | 0.3% |
| 3 Bedrooms | $850K | $821K | -3.4% |
| 4 Bedrooms | $1.0M | $1.1M | +10.0% |
| 5+ Bedrooms | $1.3M | $1.3M | +5.4% |
Summary: Bloomingdale housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.2%, 2 bedroom homes increased by 0.3%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 5.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Edgewood / Bloomingdale / Truxton Circle / Eckington | $750K | $780K | +4.0% |
| Bloomingdale | $949K | $900K | -5.2% |
| Pleasant Plains / LeDroit Park | $738.1K | $657.5K | -10.9% |
| LeDroit Park | $892K | $724.5K | -18.8% |
Housing Supply in Bloomingdale, DC
How many homes are available in Bloomingdale, DC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 51 | 65 | +27.5% |
Summary: The Bloomingdale real estate market had 65 homes for sale in October 2024, a 27.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 7 | 11 | +57.1% |
| 3 Bedrooms | 15 | 18 | +20.0% |
| 4 Bedrooms | 12 | 17 | +41.7% |
| 5+ Bedrooms | 15 | 15 | 0.0% |
Summary: The Bloomingdale housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 57.1%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 10 | +66.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Bloomingdale, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Bloomingdale in October 2024, up by 66.7% month-over-month. Of the 10 sold homes, 70% were sold under asking, 20% were sold at asking, and 10% were sold over asking.
Days on Market for Bloomingdale, DC
How long does it take to sell a home in Bloomingdale, DC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 106 Days | +322.8% |
Summary: Homes in Bloomingdale had an average of 106 days on market in Oct 2024, up by 322.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Bloomingdale are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 10 homes were sold in Bloomingdale; 40% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
