$8,609 Closing Credit*
$725,000
1,764 SqFt
George Papakostas, Listing Office: Long & Foster Real Estate, Inc.
Is Edgewood / Bloomingdale / Truxton Circle / Eckington, 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, Edgewood / Bloomingdale / Truxton Circle / Eckington was a Seller's Market.
Key Takeaway
Edgewood / Bloomingdale / Truxton Circle / Eckington is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Edgewood / Bloomingdale / Truxton Circle / Eckington, DC
How much do homes in Edgewood / Bloomingdale / Truxton Circle / Eckington, DC cost?
Median Sold Price
$780,000
$478/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$28,333(+3.8%)
Key Takeaway
Homes in Edgewood / Bloomingdale / Truxton Circle / Eckington have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Edgewood / Bloomingdale / Truxton Circle / Eckington was $780,000 in November 2024, up 3.8% from last year, and the median price per square foot was $478.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $372K | $377.4K | +1.5% |
| 2 Bedrooms | $570K | $569.9K | 0% |
| 3 Bedrooms | $769.5K | $777.5K | +1.0% |
| 4 Bedrooms | $975K | $940K | -3.6% |
| 5+ Bedrooms | $1.3M | $1.2M | -1.5% |
Summary: Edgewood / Bloomingdale / Truxton Circle / Eckington housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.5%, 2 bedroom homes did not change, 3 bedroom homes increased by 1%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes decreased by 1.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Edgewood / Bloomingdale / Truxton Circle / Eckington | $751.6K | $780K | +3.8% |
| Edgewood | $635K | $620K | -2.4% |
| Bloomingdale | $953K | $900K | -5.6% |
| Eckington | $694K | $633K | -8.8% |
Housing Supply in Edgewood / Bloomingdale / Truxton Circle / Eckington, DC
How many homes are available in Edgewood / Bloomingdale / Truxton Circle / Eckington, DC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 183 | 187 | +2.2% |
Summary: The Edgewood / Bloomingdale / Truxton Circle / Eckington real estate market had 187 homes for sale in November 2024, a 2.2% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 21 | 27 | +28.6% |
| 2 Bedrooms | 46 | 42 | -8.7% |
| 3 Bedrooms | 69 | 68 | -1.4% |
| 4 Bedrooms | 30 | 30 | 0.0% |
| 5+ Bedrooms | 17 | 20 | +17.6% |
Summary: The Edgewood / Bloomingdale / Truxton Circle / Eckington housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes decreased by 8.7%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 17.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 19 | -13.6% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Edgewood / Bloomingdale / Truxton Circle / Eckington, you may be able to get a good deal. 73.7% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Edgewood / Bloomingdale / Truxton Circle / Eckington in November 2024, down by 13.6% month-over-month. Of the 19 sold homes, 74% were sold under asking, 11% were sold at asking, and 16% were sold over asking.
Days on Market for Edgewood / Bloomingdale / Truxton Circle / Eckington, DC
How long does it take to sell a home in Edgewood / Bloomingdale / Truxton Circle / Eckington, DC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 41 Days | 53 Days | +28.3% |
Summary: Homes in Edgewood / Bloomingdale / Truxton Circle / Eckington had an average of 53 days on market in Nov 2024, up by 28.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Edgewood / Bloomingdale / Truxton Circle / Eckington are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 19 homes were sold in Edgewood / Bloomingdale / Truxton Circle / Eckington; 42% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
