$10,000 Closing Credit*
$900,000
2,737 SqFt
3 Beds
•3 Full Baths, 1 Partial
Deborah K Reynolds, Listing Office: Keller Williams Chantilly Ventures
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
Since last month, Colonial Village / Shepherd Park / North Portal Estates has remained a Buyer's 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
$812,000
$389/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$480,500(-37.2%)
Key Takeaway
Homes in Colonial Village / Shepherd Park / North Portal Estates have sold for 37.2% less than they did a month ago.
Summary: The median home sold price in Colonial Village / Shepherd Park / North Portal Estates was $812,000 in November 2024, down 37.2% from last month, and the median price per square foot was $389.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $355K | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $825K | N/A |
| 4 Bedrooms | $1.3M | - | N/A |
| 5+ Bedrooms | $1.2M | - | N/A |
Summary: Colonial Village / Shepherd Park / North Portal Estates housing prices by bedroom type for November 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 did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| North Portal Estates | $1.2M | $1.3M | +1.9% |
| Colonial Village / Shepherd Park / North Portal Estates | $1.2M | $812K | -37.2% |
| Colonial Village | $1.3M | $799K | -38.5% |
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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 29 | +7.4% |
Summary: The Colonial Village / Shepherd Park / North Portal Estates real estate market had 29 homes for sale in November 2024, a 7.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Colonial Village / Shepherd Park / North Portal Estates 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 decreased by 11.1%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was 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. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Colonial Village / Shepherd Park / North Portal Estates in November 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 Days | 15 Days | +172.7% |
Summary: Homes in Colonial Village / Shepherd Park / North Portal Estates had an average of 15 days on market in Nov 2024, up by 172.7% compared to last month.
Breakdown of Home Sale Times
4 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 November 2024, 4 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.
