$10,000 Closing Credit*
$1,395,000
2,375 SqFt
4 Beds
•3 Full Baths, 1 Partial
Brent E Jackson, Listing Office: TTR Sotheby's International Realty
Is Bloomingdale, 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, 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 November 2023
-$53,000(-5.6%)
Key Takeaway
Homes in Bloomingdale have sold for 5.6% less than they did a year ago.
Summary: The median home sold price in Bloomingdale was $900,000 in November 2024, down 5.6% from last year, and the median price per square foot was $489.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $388.5K | $367.5K | -5.4% |
| 2 Bedrooms | $585K | $560K | -4.3% |
| 3 Bedrooms | $865K | $846K | -2.2% |
| 4 Bedrooms | $1.0M | $1.1M | +8.2% |
| 5+ Bedrooms | $1.3M | $1.4M | +14.6% |
Summary: Bloomingdale housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.4%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 14.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Edgewood / Bloomingdale / Truxton Circle / Eckington | $751.6K | $780K | +3.8% |
| Bloomingdale | $953K | $900K | -5.6% |
Housing Supply in Bloomingdale, DC
How many homes are available in Bloomingdale, DC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 61 | 56 | -8.2% |
Summary: The Bloomingdale real estate market had 56 homes for sale in November 2024, a 8.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 10 | 7 | -30.0% |
| 3 Bedrooms | 19 | 16 | -15.8% |
| 4 Bedrooms | 16 | 13 | -18.8% |
| 5+ Bedrooms | 12 | 15 | +25.0% |
Summary: The Bloomingdale housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 30%, 3 bedroom homes decreased by 15.8%, 4 bedroom homes decreased by 18.8%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was 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. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Bloomingdale in November 2024, down by 20.0% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 12 Days | 47 Days | +284.7% |
Summary: Homes in Bloomingdale had an average of 47 days on market in Nov 2024, up by 284.7% compared to last year.
Breakdown of Home Sale Times
4 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 Bloomingdale are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in Bloomingdale; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
