$3,741 Closing Credit*
$315,000
931 SqFt
1 Bed
•1 Full Bath
Gigi R. Winston, Listing Office: Winston Real Estate, Inc.
Is Foggy Bottom, 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, Foggy Bottom was a Seller's Market.
Key Takeaway
Foggy Bottom is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Foggy Bottom, DC
How much do homes in Foggy Bottom, DC cost?
Median Sold Price
$524,000
$569/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$111,000(-17.5%)
Key Takeaway
Homes in Foggy Bottom have sold for 17.5% less than they did a year ago.
Summary: The median home sold price in Foggy Bottom was $524,000 in November 2024, down 17.5% from last year, and the median price per square foot was $569.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $335K | $345K | +3.0% |
| 2 Bedrooms | $830K | $860K | +3.6% |
| 3 Bedrooms | $1.7M | $1.3M | -23.1% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | $1.5M | - | N/A |
Summary: Foggy Bottom housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3%, 2 bedroom homes increased by 3.6%, 3 bedroom homes decreased by 23.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| East Village | $1.2M | $1.4M | +18.3% |
| Georgetown | $1.4M | $1.6M | +8.7% |
| Foggy Bottom / West End / GWU | $745K | $685K | -8.1% |
| Foggy Bottom | $635K | $524K | -17.5% |
| West End | $950K | $782.5K | -17.6% |
Housing Supply in Foggy Bottom, DC
How many homes are available in Foggy Bottom, DC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 60 | 67 | +11.7% |
Summary: The Foggy Bottom real estate market had 67 homes for sale in November 2024, a 11.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 30 | 37 | +23.3% |
| 2 Bedrooms | 19 | 17 | -10.5% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Foggy Bottom housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 23.3%, 2 bedroom homes decreased by 10.5%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Foggy Bottom, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Foggy Bottom in November 2024, the same as the previous month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Foggy Bottom, DC
How long does it take to sell a home in Foggy Bottom, DC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 52 Days | 46 Days | -11.3% |
Summary: Homes in Foggy Bottom had an average of 46 days on market in Nov 2024, down by 11.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Foggy Bottom are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Foggy Bottom; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
