$10,000 Closing Credit*
$1,200,000
2,618 SqFt
4 Beds
•3 Full Baths, 1 Partial
Sebastien Courret, Listing Office: Compass
Is Eckington, 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, Eckington was a Seller's Market.
Key Takeaway
Eckington is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Eckington, DC
How much do homes in Eckington, DC cost?
Median Sold Price
$672,450
$491/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$10,000(-1.5%)
Key Takeaway
Homes in Eckington have sold for 1.5% less than they did a year ago.
Summary: The median home sold price in Eckington was $672,450 in October 2024, down 1.5% from last year, and the median price per square foot was $491.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $454K | $415K | -8.6% |
| 2 Bedrooms | $630K | $574.9K | -8.7% |
| 3 Bedrooms | $715K | $760K | +6.3% |
| 4 Bedrooms | $954K | $1.0M | +8.0% |
| 5+ Bedrooms | $1.2M | $1.2M | +2.9% |
Summary: Eckington housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.6%, 2 bedroom homes decreased by 8.7%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 2.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Edgewood / Bloomingdale / Truxton Circle / Eckington | $750K | $780K | +4.0% |
| Edgewood | $625K | $650K | +4.0% |
| Eckington | $682.4K | $672.4K | -1.5% |
Housing Supply in Eckington, DC
How many homes are available in Eckington, DC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 51 | 60 | +17.6% |
Summary: The Eckington real estate market had 60 homes for sale in October 2024, a 17.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 9 | +12.5% |
| 2 Bedrooms | 18 | 19 | +5.6% |
| 3 Bedrooms | 14 | 16 | +14.3% |
| 4 Bedrooms | 8 | 12 | +50.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Eckington housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Eckington, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Eckington in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% were sold over asking.
Days on Market for Eckington, DC
How long does it take to sell a home in Eckington, DC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 7 Days | -79.5% |
Summary: Homes in Eckington had an average of 7 days on market in Oct 2024, down by 79.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Eckington are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Eckington; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
