$8,194 Closing Credit*
$690,000
Thomas S Hennerty, Listing Office: NetRealtyNow.com, LLC
Is Deanwood / Burrville / Grant Park / Lincoln Heights, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Deanwood / Burrville / Grant Park / Lincoln Heights was a Seller's Market.
Key Takeaway
Deanwood / Burrville / Grant Park / Lincoln Heights is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Deanwood / Burrville / Grant Park / Lincoln Heights, DC
How much do homes in Deanwood / Burrville / Grant Park / Lincoln Heights, DC cost?
Median Sold Price
$400,999
$259/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$7,999(+2.0%)
Key Takeaway
Homes in Deanwood / Burrville / Grant Park / Lincoln Heights have sold for 2% more than they did a year ago.
Summary: The median home sold price in Deanwood / Burrville / Grant Park / Lincoln Heights was $400,999 in November 2024, up 2% from last year, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $112K | $230K | +105.4% |
| 2 Bedrooms | $305K | $257.5K | -15.6% |
| 3 Bedrooms | $406K | $405K | -0.2% |
| 4 Bedrooms | $491K | $495K | +0.8% |
| 5+ Bedrooms | $590K | $602.5K | +2.1% |
Summary: Deanwood / Burrville / Grant Park / Lincoln Heights housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 105.4%, 2 bedroom homes decreased by 15.6%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 2.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Deanwood / Burrville / Grant Park / Lincoln Heights | $393K | $400.9K | +2.0% |
| Deanwood | $397K | $390K | -1.8% |
Housing Supply in Deanwood / Burrville / Grant Park / Lincoln Heights, DC
How many homes are available in Deanwood / Burrville / Grant Park / Lincoln Heights, DC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 63 | 68 | +7.9% |
Summary: The Deanwood / Burrville / Grant Park / Lincoln Heights real estate market had 68 homes for sale in November 2024, a 7.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 20 | 23 | +15.0% |
| 3 Bedrooms | 25 | 24 | -4.0% |
| 4 Bedrooms | 11 | 14 | +27.3% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Deanwood / Burrville / Grant Park / Lincoln Heights 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 increased by 15%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Deanwood / Burrville / Grant Park / Lincoln Heights, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Deanwood / Burrville / Grant Park / Lincoln Heights in November 2024, down by 57.1% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for Deanwood / Burrville / Grant Park / Lincoln Heights, DC
How long does it take to sell a home in Deanwood / Burrville / Grant Park / Lincoln Heights, DC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 62 Days | 77 Days | +23.8% |
Summary: Homes in Deanwood / Burrville / Grant Park / Lincoln Heights had an average of 77 days on market in Nov 2024, up by 23.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Deanwood / Burrville / Grant Park / Lincoln Heights has remained consistent over time.
Summary: During November 2024, 3 homes were sold in Deanwood / Burrville / Grant Park / Lincoln Heights; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
