Is Capitol Hill / Lincoln Park, DC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Capitol Hill / Lincoln Park is a 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

# BEDSNov 2023Nov 2024CHANGE
1 $390K$384.5K
-1.4%
2 $759.9K$763.5K
0.5%
3 $1.0M$949.5K
-5.1%
4 $1.2M$1.2M
+4.0%
5+ $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
+9.7%
Lincoln Park
+7.8%
Capitol Hill / Lincoln Park
+3.1%
Stanton Park
-7.8%
Barney Circle / Hill East
-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 2024Nov 2024CHANGE
130126-3.1%

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

# BEDSOct 2024Nov 2024CHANGE
1 3535
0.0%
2 3236
+12.5%
3 3527
-22.9%
4 1618
+12.5%
5+ 1210
-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 2024Nov 2024CHANGE
2322-4.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2023Nov 2024CHANGE
20 Days26 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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