Is Dupont Circle, DC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Dupont Circle is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Dupont Circle has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Dupont Circle, DC

How much do homes in Dupont Circle, DC cost?

Median Sold Price

$574,999

$685/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$27,032(+4.9%)

Key Takeaway

Homes in Dupont Circle have sold for 4.9% more than they did a year ago.

Summary: The median home sold price in Dupont Circle was $574,999 in October 2024, up 4.9% from last year, and the median price per square foot was $685.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $415K$404.9K
-2.4%
2 $699K$687K
-1.7%
3 $1.3M$1.3M
+1.3%
4 $1.8M$1.7M
-4.1%
5+ $2.2M$2.3M
+2.8%

Summary: Dupont Circle housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.4%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes increased by 1.3%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes increased by 2.8%.

Median Sold Price Compared To Nearby Neighborhoods

Sheridan-Kalorama
+60.5%
Kalorama
+11.0%
Dupont Circle
+4.9%
Logan Circle
-0.6%
Adams Morgan
-10.0%

Housing Supply in Dupont Circle, DC

How many homes are available in Dupont Circle, DC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
99126+27.3%

Summary: The Dupont Circle real estate market had 126 homes for sale in October 2024, a 27.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 3847
+23.7%
2 3346
+39.4%
3 610
+66.7%
4 77
0.0%
5+ 1516
+6.7%

Summary: The Dupont Circle housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 23.7%, 2 bedroom homes increased by 39.4%, 3 bedroom homes increased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 6.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1125+127.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Dupont Circle, expect to pay close to the asking price. 36% of homes here sold near the asking price last month.

Summary: A total of 25 homes were sold or pending in Dupont Circle in October 2024, up by 127.3% month-over-month. Of the 25 sold homes, 28% were sold under asking, 36% were sold at asking, and 36% were sold over asking.

Days on Market for Dupont Circle, DC

How long does it take to sell a home in Dupont Circle, DC?

Average Sale Time

Oct 2023Oct 2024CHANGE
13 Days31 Days+125.7%

Summary: Homes in Dupont Circle had an average of 31 days on market in Oct 2024, up by 125.7% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Dupont Circle are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 25 homes were sold in Dupont Circle; 68% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 16% 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 14 Days Ago

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