$3,859 Closing Credit*
$325,000
503 SqFt
1 Bed
•1 Full Bath
Kara Fenclau, Listing Office: Nomadic Real Estate Broker Services
Is Brightwood Park, 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, Brightwood Park was a Seller's Market.
Key Takeaway
Brightwood Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Brightwood Park, DC
How much do homes in Brightwood Park, DC cost?
Median Sold Price
$650,000
$399/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$55,000(+9.2%)
Key Takeaway
Homes in Brightwood Park have sold for 9.2% more than they did a year ago.
Summary: The median home sold price in Brightwood Park was $650,000 in November 2024, up 9.2% from last year, and the median price per square foot was $399.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $232.4K | $215K | -7.5% |
| 2 Bedrooms | $376.6K | $490K | +30.1% |
| 3 Bedrooms | $624.9K | $615K | -1.6% |
| 4 Bedrooms | $845K | $790K | -6.5% |
| 5+ Bedrooms | $1.0M | $961.5K | -8.4% |
Summary: Brightwood Park housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.5%, 2 bedroom homes increased by 30.1%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes decreased by 8.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Brightwood Park | $595K | $650K | +9.2% |
| Brightwood | $641.2K | $700K | +9.2% |
| Petworth | $790K | $800K | +1.3% |
| Brightwood Park / Crestwood / Petworth / 16th Street Heights | $750.2K | $749.9K | 0% |
| Manor Park | $725K | $660K | -9.0% |
Housing Supply in Brightwood Park, DC
How many homes are available in Brightwood Park, DC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 94 | 112 | +19.1% |
Summary: The Brightwood Park real estate market had 112 homes for sale in November 2024, a 19.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 16 | +23.1% |
| 2 Bedrooms | 25 | 33 | +32.0% |
| 3 Bedrooms | 25 | 29 | +16.0% |
| 4 Bedrooms | 24 | 27 | +12.5% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Brightwood Park housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 23.1%, 2 bedroom homes increased by 32%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brightwood Park, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Brightwood Park in November 2024, the same as the previous month. Of the 6 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% were sold over asking.
Days on Market for Brightwood Park, DC
How long does it take to sell a home in Brightwood Park, DC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 59 Days | 20 Days | -66.0% |
Summary: Homes in Brightwood Park had an average of 20 days on market in Nov 2024, down by 66% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Brightwood Park are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Brightwood Park; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
