$10,000 Closing Credit*
$1,649,000
2,790 SqFt
4 Beds
•3 Full Baths
Benjamin R Puchalski, Listing Office: Compass
Is Colonial Village / Shepherd Park / North Portal Estates, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Colonial Village / Shepherd Park / North Portal Estates was a Neutral Market.
Key Takeaway
Colonial Village / Shepherd Park / North Portal Estates is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Colonial Village / Shepherd Park / North Portal Estates, DC
How much do homes in Colonial Village / Shepherd Park / North Portal Estates, DC cost?
Median Sold Price
$1,292,500
$471/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$290,820(+29.0%)
Key Takeaway
Homes in Colonial Village / Shepherd Park / North Portal Estates have sold for 29% more than they did a month ago.
Summary: The median home sold price in Colonial Village / Shepherd Park / North Portal Estates was $1,292,500 in October 2024, up 29% from last month, and the median price per square foot was $471.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $499.9K | - | N/A |
| 3 Bedrooms | $1.0M | - | N/A |
| 4 Bedrooms | $1.3M | $1.3M | -6.8% |
| 5+ Bedrooms | - | $1.2M | N/A |
Summary: Colonial Village / Shepherd Park / North Portal Estates housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Colonial Village | $995K | $1.3M | +30.7% |
| Colonial Village / Shepherd Park / North Portal Estates | $1.0M | $1.2M | +29.0% |
Housing Supply in Colonial Village / Shepherd Park / North Portal Estates, DC
How many homes are available in Colonial Village / Shepherd Park / North Portal Estates, DC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 30 | +36.4% |
Summary: The Colonial Village / Shepherd Park / North Portal Estates real estate market had 30 homes for sale in October 2024, a 36.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 6 | +100.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 4 | 7 | +75.0% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Colonial Village / Shepherd Park / North Portal Estates housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 75%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
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 Colonial Village / Shepherd Park / North Portal Estates, 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 Colonial Village / Shepherd Park / North Portal Estates in October 2024, down by 50.0% 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 Colonial Village / Shepherd Park / North Portal Estates, DC
How long does it take to sell a home in Colonial Village / Shepherd Park / North Portal Estates, DC?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 46 Days | 5 Days | -88.2% |
Summary: Homes in Colonial Village / Shepherd Park / North Portal Estates had an average of 5 days on market in Oct 2024, down by 88.2% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Colonial Village / Shepherd Park / North Portal Estates are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Colonial Village / Shepherd Park / North Portal Estates; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
