Is Congress Heights, DC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Congress Heights is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Congress Heights was a Buyer's Market.

Key Takeaway

Congress Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Congress Heights, DC

How much do homes in Congress Heights, DC cost?

Median Sold Price

$360,000

$234/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$47,500(-11.7%)

Key Takeaway

Homes in Congress Heights have sold for 11.7% less than they did a year ago.

Summary: The median home sold price in Congress Heights was $360,000 in November 2024, down 11.7% from last year, and the median price per square foot was $234.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $187.5K$165K
-12.0%
2 $285K$203.9K
-28.4%
3 $460K$412K
-10.4%
4 $480K$421K
-12.3%
5+ $426.2K$396K
-7.1%

Summary: Congress Heights housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12%, 2 bedroom homes decreased by 28.4%, 3 bedroom homes decreased by 10.4%, 4 bedroom homes decreased by 12.3%, and 5+ bedroom homes decreased by 7.1%.

Median Sold Price Compared To Nearby Neighborhoods

Washington Highlands
-8.9%
Congress Heights
-11.7%
Congress Heights / Bellevue / Washington Highlands
-13.5%

Housing Supply in Congress Heights, DC

How many homes are available in Congress Heights, DC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2923-20.7%

Summary: The Congress Heights real estate market had 23 homes for sale in November 2024, a 20.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 54
-20.0%
2 75
-28.6%
3 85
-37.5%
4 88
0.0%
5+ 11
0.0%

Summary: The Congress Heights housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 28.6%, 3 bedroom homes decreased by 37.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 4 homes were sold or pending in Congress Heights in November 2024, up by 33.3% month-over-month. Of the 4 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

Nov 2023Nov 2024CHANGE
85 Days78 Days-8.2%

Summary: Homes in Congress Heights had an average of 78 days on market in Nov 2024, down by 8.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Congress Heights are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 4 homes were sold in Congress Heights; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

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