$2,969 Closing Credit*
$250,000
510 SqFt
Studio
•1 Full Bath
Susan E Janney, Listing Office: Long & Foster Real Estate, Inc.
Is Capitol Hill, 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, Capitol Hill was a Seller's Market.
Key Takeaway
Capitol Hill is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Capitol Hill, DC
How much do homes in Capitol Hill, DC cost?
Median Sold Price
$960,000
$641/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$191,000(+24.8%)
Key Takeaway
Homes in Capitol Hill have sold for 24.8% more than they did a year ago.
Summary: The median home sold price in Capitol Hill was $960,000 in October 2024, up 24.8% from last year, and the median price per square foot was $641.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $385.5K | $390K | +1.2% |
| 2 Bedrooms | $805K | $857.5K | +6.5% |
| 3 Bedrooms | $1.3M | $1.3M | -1.7% |
| 4 Bedrooms | $1.2M | $1.2M | +3.9% |
| 5+ Bedrooms | $2.8M | $1.7M | -38.8% |
Summary: Capitol Hill housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.2%, 2 bedroom homes increased by 6.5%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 38.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Capitol Hill | $769K | $960K | +24.8% |
| Lincoln Park | $922.5K | $1.0M | +14.6% |
| Capitol Hill / Lincoln Park | $851.1K | $903.3K | +6.1% |
| NoMa / Stanton Park / Kingman Park | $822.5K | $855K | +4.0% |
| Stanton Park | $995K | $940K | -5.5% |
Housing Supply in Capitol Hill, DC
How many homes are available in Capitol Hill, DC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 51 | 58 | +13.7% |
Summary: The Capitol Hill real estate market had 58 homes for sale in October 2024, a 13.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 19 | 23 | +21.1% |
| 2 Bedrooms | 12 | 13 | +8.3% |
| 3 Bedrooms | 11 | 12 | +9.1% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Capitol Hill housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 21.1%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 7 | -41.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Capitol Hill, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Capitol Hill in October 2024, down by 41.7% month-over-month. Of the 7 sold homes, 57% were sold under asking, 43% were sold at asking, and 0% were sold over asking.
Days on Market for Capitol Hill, DC
How long does it take to sell a home in Capitol Hill, DC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 7 Days | 26 Days | +276.9% |
Summary: Homes in Capitol Hill had an average of 26 days on market in Oct 2024, up by 276.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Capitol Hill are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Capitol Hill; 86% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
