$99,999
0.05 Acres
Land
Bruno D Casu, Listing Office: Fairfax Realty Elite
Is Central Northeast, 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, Central Northeast has remained a Buyer's Market.
Key Takeaway
Central Northeast is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Central Northeast, DC
How much do homes in Central Northeast, DC cost?
Median Sold Price
$322,000
$281/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$64,250(-16.6%)
Key Takeaway
Homes in Central Northeast have sold for 16.6% less than they did a year ago.
Summary: The median home sold price in Central Northeast was $322,000 in October 2024, down 16.6% from last year, and the median price per square foot was $281.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $177.5K | N/A |
| 2 Bedrooms | $186K | $275K | +47.8% |
| 3 Bedrooms | $410K | $377.2K | -8.0% |
| 4 Bedrooms | $464.5K | $510K | +9.8% |
| 5+ Bedrooms | $561.9K | $405K | -27.9% |
Summary: Central Northeast housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 47.8%, 3 bedroom homes decreased by 8%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes decreased by 27.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Deanwood | $399.2K | $390K | -2.3% |
| Mayfair / Central Northeast | $417.2K | $350K | -16.1% |
| Central Northeast | $386.2K | $322K | -16.6% |
Housing Supply in Central Northeast, DC
How many homes are available in Central Northeast, DC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 21 | -8.7% |
Summary: The Central Northeast real estate market had 21 homes for sale in October 2024, a 8.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Central Northeast housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Central Northeast, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in Central Northeast in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Central Northeast, DC
How long does it take to sell a home in Central Northeast, DC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 121 Days | 102 Days | -15.3% |
Summary: Homes in Central Northeast had an average of 102 days on market in Oct 2024, down by 15.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Central Northeast are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 2 homes were sold in Central Northeast; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
