$10,000 Closing Credit*
$1,550,000
3,329 SqFt
4 Beds
•4 Full Baths, 1 Partial
WAI LUN L LEUNG, Listing Office: Century 21 Redwood Realty
Is Capitol Hill / Lincoln Park, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Capitol Hill / Lincoln Park has remained a Seller's Market.
Key Takeaway
Capitol Hill / Lincoln Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Capitol Hill / Lincoln Park, DC
How much do homes in Capitol Hill / Lincoln Park, DC cost?
Median Sold Price
$901,803
$608/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$26,803(+3.1%)
Key Takeaway
Homes in Capitol Hill / Lincoln Park have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in Capitol Hill / Lincoln Park was $901,803 in November 2024, up 3.1% from last year, and the median price per square foot was $608.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $390K | $384.5K | -1.4% |
| 2 Bedrooms | $759.9K | $763.5K | 0.5% |
| 3 Bedrooms | $1.0M | $949.5K | -5.1% |
| 4 Bedrooms | $1.2M | $1.2M | +4.0% |
| 5+ Bedrooms | $2.1M | $1.7M | -19.0% |
Summary: Capitol Hill / Lincoln Park housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.4%, 2 bedroom homes increased by 0.5%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes increased by 4%, and 5+ bedroom homes decreased by 19%.
Median Sold Price Compared To Nearby Neighborhoods
| Near Southeast | $590K | $647K | +9.7% |
| Lincoln Park | $980K | $1.0M | +7.8% |
| Capitol Hill / Lincoln Park | $875K | $901.8K | +3.1% |
| Stanton Park | $1.0M | $922.5K | -7.8% |
| Barney Circle / Hill East | $850K | $775K | -8.8% |
Housing Supply in Capitol Hill / Lincoln Park, DC
How many homes are available in Capitol Hill / Lincoln Park, DC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 130 | 126 | -3.1% |
Summary: The Capitol Hill / Lincoln Park real estate market had 126 homes for sale in November 2024, a 3.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 35 | 35 | 0.0% |
| 2 Bedrooms | 32 | 36 | +12.5% |
| 3 Bedrooms | 35 | 27 | -22.9% |
| 4 Bedrooms | 16 | 18 | +12.5% |
| 5+ Bedrooms | 12 | 10 | -16.7% |
Summary: The Capitol Hill / Lincoln Park housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 22.9%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 22 | -4.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Capitol Hill / Lincoln Park, expect to pay close to the asking price. 40.9% of homes here sold near the asking price last month.
Summary: A total of 22 homes were sold or pending in Capitol Hill / Lincoln Park in November 2024, down by 4.3% month-over-month. Of the 22 sold homes, 27% were sold under asking, 41% were sold at asking, and 32% were sold over asking.
Days on Market for Capitol Hill / Lincoln Park, DC
How long does it take to sell a home in Capitol Hill / Lincoln Park, DC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 26 Days | +33.8% |
Summary: Homes in Capitol Hill / Lincoln Park had an average of 26 days on market in Nov 2024, up by 33.8% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Capitol Hill / Lincoln Park are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 22 homes were sold in Capitol Hill / Lincoln Park; 77% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
