$210,000
0.05 Acres
Land
Andrew L Pariser, Listing Office: Long & Foster Real Estate, Inc.
Is Congress 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, Congress Heights has remained a Buyer's Market.
Key Takeaway
Congress Heights is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Congress Heights, DC
How much do homes in Congress Heights, DC cost?
Median Sold Price
$371,200
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$41,300(-10.0%)
Key Takeaway
Homes in Congress Heights have sold for 10% less than they did a year ago.
Summary: The median home sold price in Congress Heights was $371,200 in October 2024, down 10% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $187.5K | $165K | -12.0% |
| 2 Bedrooms | $297.5K | $247.4K | -16.8% |
| 3 Bedrooms | $460K | $428.5K | -6.8% |
| 4 Bedrooms | $480K | $428K | -10.8% |
| 5+ Bedrooms | $437.5K | $380K | -13.1% |
Summary: Congress Heights housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12%, 2 bedroom homes decreased by 16.8%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes decreased by 10.8%, and 5+ bedroom homes decreased by 13.1%.
Housing Supply in Congress Heights, DC
How many homes are available in Congress Heights, DC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 33 | +17.9% |
Summary: The Congress Heights real estate market had 33 homes for sale in October 2024, a 17.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 6 | +50.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Congress Heights housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Congress Heights, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Congress Heights in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Congress Heights, DC
How long does it take to sell a home in Congress Heights, DC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 42 Days | 35 Days | -15.5% |
Summary: Homes in Congress Heights had an average of 35 days on market in Oct 2024, down by 15.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Congress Heights are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Congress Heights; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
