$9,856 Closing Credit*
$830,000
915 SqFt
2 Beds
•2 Full Baths
Paul K Madsen, Listing Office: Long & Foster Real Estate, Inc.
Is East Village, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, East Village was a Neutral Market.
Key Takeaway
East Village is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Village, DC
How much do homes in East Village, DC cost?
Median Sold Price
$1,467,750
$920/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$342,750(+30.5%)
Key Takeaway
Homes in East Village have sold for 30.5% more than they did a year ago.
Summary: The median home sold price in East Village was $1,467,750 in October 2024, up 30.5% from last year, and the median price per square foot was $920.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $418.7K | $537K | +28.2% |
| 2 Bedrooms | $860K | $1.1M | +30.8% |
| 3 Bedrooms | $1.9M | $2.1M | +5.1% |
| 4 Bedrooms | $2.9M | $3.9M | +36.7% |
| 5+ Bedrooms | $4.2M | $3.5M | -16.6% |
Summary: East Village housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.2%, 2 bedroom homes increased by 30.8%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 36.7%, and 5+ bedroom homes decreased by 16.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Sheridan-Kalorama | $863K | $1.3M | +60.5% |
| East Village | $1.1M | $1.4M | +30.5% |
| Georgetown | $1.4M | $1.6M | +14.3% |
| Foggy Bottom / West End / GWU | $720K | $685K | -4.9% |
| West End | $907.5K | $800K | -11.8% |
Housing Supply in East Village, DC
How many homes are available in East Village, DC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 48 | +20.0% |
Summary: The East Village real estate market had 48 homes for sale in October 2024, a 20.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 10 | +42.9% |
| 2 Bedrooms | 13 | 15 | +15.4% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The East Village housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 42.9%, 2 bedroom homes increased by 15.4%, 3 bedroom homes remained the same, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 9 | +350.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Village, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in East Village in October 2024, up by 350.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 33% were sold at asking, and 22% were sold over asking.
Days on Market for East Village, DC
How long does it take to sell a home in East Village, DC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 62 Days | 48 Days | -21.3% |
Summary: Homes in East Village had an average of 48 days on market in Oct 2024, down by 21.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Village are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in East Village; 78% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
