$1,746 Closing Credit*
$147,000
660 SqFt
2 Beds
•1 Full Bath
Nancy V Miranda, Listing Office: RE/MAX Allegiance
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 Last Month
Last month, Fairfax Village / Naylor Gardens / Hillcrest / Good Hope was a Buyer's Market.
Key Takeaway
Fairfax Village / Naylor Gardens / Hillcrest / Good Hope is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
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
$178,625
$214/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$43,125(+31.8%)
Key Takeaway
Homes in Fairfax Village / Naylor Gardens / Hillcrest / Good Hope have sold for 31.8% more than they did a month ago.
Summary: The median home sold price in Fairfax Village / Naylor Gardens / Hillcrest / Good Hope was $178,625 in October 2024, up 31.8% from last month, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $145K | N/A |
| 2 Bedrooms | $135.5K | $178.6K | +31.8% |
| 3 Bedrooms | - | - | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | $1.1M | N/A |
Summary: Fairfax Village / Naylor Gardens / Hillcrest / Good Hope housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 31.8%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Fairfax Village / Naylor Gardens / Hillcrest / Good Hope | $135.5K | $178.6K | +31.8% |
| Fairfax Village | $135.5K | $177K | +30.6% |
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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 40 | +17.6% |
Summary: The Fairfax Village / Naylor Gardens / Hillcrest / Good Hope real estate market had 40 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 | 6 | 6 | 0.0% |
| 2 Bedrooms | 18 | 20 | +11.1% |
| 3 Bedrooms | 5 | 7 | +40.0% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Fairfax Village / Naylor Gardens / Hillcrest / Good Hope housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 6 | +500.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 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 6 homes were sold or pending in Fairfax Village / Naylor Gardens / Hillcrest / Good Hope in October 2024, up by 500.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 86 Days | +565.4% |
Summary: Homes in Fairfax Village / Naylor Gardens / Hillcrest / Good Hope had an average of 86 days on market in Oct 2024, up by 565.4% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 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 October 2024, 6 homes were sold in Fairfax Village / Naylor Gardens / Hillcrest / Good Hope; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
