$1,781 Closing Credit*
$150,000
708 SqFt
1 Bed
•1 Full Bath
REESE ROLAND SHOPTAW, Listing Office: CENTURY 21 New Millennium
Is Fairfax Village / Naylor Gardens / Hillcrest / Good Hope, 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, Fairfax Village / Naylor Gardens / Hillcrest / Good Hope was a Seller's Market.
Key Takeaway
Fairfax Village / Naylor Gardens / Hillcrest / Good Hope is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Fairfax Village / Naylor Gardens / Hillcrest / Good Hope, DC
How much do homes in Fairfax Village / Naylor Gardens / Hillcrest / Good Hope, DC cost?
Median Sold Price
$225,000
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$162,500(-41.9%)
Key Takeaway
Homes in Fairfax Village / Naylor Gardens / Hillcrest / Good Hope have sold for 41.9% less than they did a year ago.
Summary: The median home sold price in Fairfax Village / Naylor Gardens / Hillcrest / Good Hope was $225,000 in November 2024, down 41.9% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | $145K | +3.6% |
| 2 Bedrooms | $173K | $185K | +6.9% |
| 3 Bedrooms | $490K | $525K | +7.1% |
| 4 Bedrooms | $550K | $635K | +15.5% |
| 5+ Bedrooms | $762.5K | $1.1M | +54.9% |
Summary: Fairfax Village / Naylor Gardens / Hillcrest / Good Hope housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.6%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 15.5%, and 5+ bedroom homes increased by 54.9%.
Housing Supply in Fairfax Village / Naylor Gardens / Hillcrest / Good Hope, DC
How many homes are available in Fairfax Village / Naylor Gardens / Hillcrest / Good Hope, DC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 41 | +24.2% |
Summary: The Fairfax Village / Naylor Gardens / Hillcrest / Good Hope real estate market had 41 homes for sale in November 2024, a 24.2% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 6 | +50.0% |
| 2 Bedrooms | 15 | 19 | +26.7% |
| 3 Bedrooms | 7 | 9 | +28.6% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Fairfax Village / Naylor Gardens / Hillcrest / Good Hope housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 26.7%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairfax Village / Naylor Gardens / Hillcrest / Good Hope, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Fairfax Village / Naylor Gardens / Hillcrest / Good Hope in November 2024, down by 66.7% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Fairfax Village / Naylor Gardens / Hillcrest / Good Hope, DC
How long does it take to sell a home in Fairfax Village / Naylor Gardens / Hillcrest / Good Hope, DC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 31 Days | 6 Days | -79.0% |
Summary: Homes in Fairfax Village / Naylor Gardens / Hillcrest / Good Hope had an average of 6 days on market in Nov 2024, down by 79% compared to last year.
Breakdown of Home Sale Times
2 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 Fairfax Village / Naylor Gardens / Hillcrest / Good Hope are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Fairfax Village / Naylor Gardens / Hillcrest / Good Hope; 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.
