$6,294 Closing Credit*
$529,990
1,564 SqFt
4 Beds
•2 Full Baths
Steven Rollins, Listing Office: Coldwell Banker Realty
Is Capitol View / Marshall Heights / Benning Heights, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Capitol View / Marshall Heights / Benning Heights has remained a Buyer's Market.
Key Takeaway
Capitol View / Marshall Heights / Benning Heights is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Capitol View / Marshall Heights / Benning Heights, DC
How much do homes in Capitol View / Marshall Heights / Benning Heights, DC cost?
Median Sold Price
$440,000
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$7,500(+1.7%)
Key Takeaway
Homes in Capitol View / Marshall Heights / Benning Heights have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Capitol View / Marshall Heights / Benning Heights was $440,000 in October 2024, up 1.7% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100K | $83K | -17.0% |
| 2 Bedrooms | $298K | $241K | -19.1% |
| 3 Bedrooms | $449K | $435K | -3.1% |
| 4 Bedrooms | $519.9K | $477.5K | -8.2% |
| 5+ Bedrooms | $600K | $540K | -10.0% |
Summary: Capitol View / Marshall Heights / Benning Heights housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17%, 2 bedroom homes decreased by 19.1%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes decreased by 8.2%, and 5+ bedroom homes decreased by 10%.
Median Sold Price Compared To Nearby Neighborhoods
| Capitol View / Marshall Heights / Benning Heights | $432.5K | $440K | +1.7% |
| Benning Heights | $432K | $432K | 0.0% |
Housing Supply in Capitol View / Marshall Heights / Benning Heights, DC
How many homes are available in Capitol View / Marshall Heights / Benning Heights, DC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 50 | 60 | +20.0% |
Summary: The Capitol View / Marshall Heights / Benning Heights real estate market had 60 homes for sale in October 2024, a 20.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 11 | 14 | +27.3% |
| 3 Bedrooms | 25 | 28 | +12.0% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Capitol View / Marshall Heights / Benning Heights housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 27.3%, 3 bedroom homes increased by 12%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Capitol View / Marshall Heights / Benning Heights, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Capitol View / Marshall Heights / Benning Heights in October 2024, down by 37.5% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Capitol View / Marshall Heights / Benning Heights, DC
How long does it take to sell a home in Capitol View / Marshall Heights / Benning Heights, DC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 50 Days | +80.7% |
Summary: Homes in Capitol View / Marshall Heights / Benning Heights had an average of 50 days on market in Oct 2024, up by 80.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Capitol View / Marshall Heights / Benning Heights are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Capitol View / Marshall Heights / Benning Heights; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
