$2,256 Closing Credit*
$190,000
682 SqFt
1 Bed
•1 Full Bath
Tyrone Harris, Listing Office: The Condo Connection, LLC
Is Brightwood Park / Crestwood / Petworth / 16th Street Heights, 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, Brightwood Park / Crestwood / Petworth / 16th Street Heights was a Seller's Market.
Key Takeaway
Brightwood Park / Crestwood / Petworth / 16th Street Heights is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Brightwood Park / Crestwood / Petworth / 16th Street Heights, DC
How much do homes in Brightwood Park / Crestwood / Petworth / 16th Street Heights, DC cost?
Median Sold Price
$741,250
$436/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$12,361(-1.6%)
Key Takeaway
Homes in Brightwood Park / Crestwood / Petworth / 16th Street Heights have sold for 1.6% less than they did a year ago.
Summary: The median home sold price in Brightwood Park / Crestwood / Petworth / 16th Street Heights was $741,250 in October 2024, down 1.6% from last year, and the median price per square foot was $436.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $292.5K | $278.7K | -4.7% |
| 2 Bedrooms | $474.9K | $490K | +3.2% |
| 3 Bedrooms | $745K | $698.2K | -6.3% |
| 4 Bedrooms | $905K | $885K | -2.2% |
| 5+ Bedrooms | $1.3M | $1.2M | -7.0% |
Summary: Brightwood Park / Crestwood / Petworth / 16th Street Heights housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.7%, 2 bedroom homes increased by 3.2%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes decreased by 7%.
Median Sold Price Compared To Nearby Neighborhoods
| 16th Street Heights | $750K | $828K | +10.4% |
| Petworth | $795.5K | $790.6K | -0.6% |
| Brightwood Park / Crestwood / Petworth / 16th Street Heights | $753.6K | $741.2K | -1.6% |
| Brightwood Park | $622.4K | $604K | -3.0% |
Housing Supply in Brightwood Park / Crestwood / Petworth / 16th Street Heights, DC
How many homes are available in Brightwood Park / Crestwood / Petworth / 16th Street Heights, DC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 246 | 305 | +24.0% |
Summary: The Brightwood Park / Crestwood / Petworth / 16th Street Heights real estate market had 305 homes for sale in October 2024, a 24.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 31 | 37 | +19.4% |
| 2 Bedrooms | 47 | 64 | +36.2% |
| 3 Bedrooms | 67 | 83 | +23.9% |
| 4 Bedrooms | 67 | 85 | +26.9% |
| 5+ Bedrooms | 34 | 36 | +5.9% |
Summary: The Brightwood Park / Crestwood / Petworth / 16th Street Heights housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 19.4%, 2 bedroom homes increased by 36.2%, 3 bedroom homes increased by 23.9%, 4 bedroom homes increased by 26.9%, and 5+ bedroom homes increased by 5.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 36 | +24.1% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brightwood Park / Crestwood / Petworth / 16th Street Heights, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in Brightwood Park / Crestwood / Petworth / 16th Street Heights in October 2024, up by 24.1% month-over-month. Of the 36 sold homes, 50% were sold under asking, 28% were sold at asking, and 22% were sold over asking.
Days on Market for Brightwood Park / Crestwood / Petworth / 16th Street Heights, DC
How long does it take to sell a home in Brightwood Park / Crestwood / Petworth / 16th Street Heights, DC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 38 Days | +43.7% |
Summary: Homes in Brightwood Park / Crestwood / Petworth / 16th Street Heights had an average of 38 days on market in Oct 2024, up by 43.7% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Brightwood Park / Crestwood / Petworth / 16th Street Heights are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 36 homes were sold in Brightwood Park / Crestwood / Petworth / 16th Street Heights; 61% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
