$9,488 Closing Credit*
$799,000
1,040 SqFt
2 Beds
•1 Full Bath, 1 Partial
Howard Salpeter, Listing Office: RLAH @properties
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 October 2023
At the same time last year, Capitol Hill / Lincoln Park was a Seller's Market.
Key Takeaway
Capitol Hill / Lincoln Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Capitol Hill / Lincoln Park, DC
How much do homes in Capitol Hill / Lincoln Park, DC cost?
Median Sold Price
$903,368
$610/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$52,201(+6.1%)
Key Takeaway
Homes in Capitol Hill / Lincoln Park have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in Capitol Hill / Lincoln Park was $903,368 in October 2024, up 6.1% from last year, and the median price per square foot was $610.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $399.9K | $377K | -5.7% |
| 2 Bedrooms | $750K | $765K | +2.0% |
| 3 Bedrooms | $999K | $942.5K | -5.7% |
| 4 Bedrooms | $1.2M | $1.2M | +6.3% |
| 5+ Bedrooms | $2.2M | $1.7M | -24.4% |
Summary: Capitol Hill / Lincoln Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.7%, 2 bedroom homes increased by 2%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 24.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Near Southeast | $543.5K | $625K | +15.0% |
| Lincoln Park | $922.5K | $1.0M | +14.6% |
| Capitol Hill / Lincoln Park | $851.1K | $903.3K | +6.1% |
| Stanton Park | $995K | $940K | -5.5% |
| Barney Circle / Hill East | $850K | $765K | -10.0% |
Housing Supply in Capitol Hill / Lincoln Park, DC
How many homes are available in Capitol Hill / Lincoln Park, DC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 123 | 149 | +21.1% |
Summary: The Capitol Hill / Lincoln Park real estate market had 149 homes for sale in October 2024, a 21.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 31 | 39 | +25.8% |
| 2 Bedrooms | 33 | 38 | +15.2% |
| 3 Bedrooms | 32 | 39 | +21.9% |
| 4 Bedrooms | 17 | 20 | +17.6% |
| 5+ Bedrooms | 10 | 13 | +30.0% |
Summary: The Capitol Hill / Lincoln Park housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25.8%, 2 bedroom homes increased by 15.2%, 3 bedroom homes increased by 21.9%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 21 | -22.2% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Capitol Hill / Lincoln Park, you may be able to get a good deal. 52.4% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Capitol Hill / Lincoln Park in October 2024, down by 22.2% month-over-month. Of the 21 sold homes, 52% were sold under asking, 19% were sold at asking, and 29% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 44 Days | +106.7% |
Summary: Homes in Capitol Hill / Lincoln Park had an average of 44 days on market in Oct 2024, up by 106.7% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were 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 October 2024, 21 homes were sold in Capitol Hill / Lincoln Park; 62% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
