$7,719 Closing Credit*
$650,000
929 SqFt
1 Bed
•1 Full Bath
Michael W Moore, Listing Office: Compass
Is Foggy Bottom, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 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
$496,000
$566/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
-$87,500(-15.0%)
Key Takeaway
Homes in Foggy Bottom have sold for 15% less than they did a year ago.
Summary: The median home sold price in Foggy Bottom was $496,000 in September 2024, down 15% from last year, and the median price per square foot was $566.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $333.7K | $349K | +4.6% |
| 2 Bedrooms | $815K | $860K | +5.5% |
| 3 Bedrooms | $1.8M | $1.2M | -31.4% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | $1.5M | - | N/A |
Summary: Foggy Bottom housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.6%, 2 bedroom homes increased by 5.5%, 3 bedroom homes decreased by 31.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| East Village | $1.1M | $1.5M | +31.9% |
| Georgetown | $1.4M | $1.6M | +13.8% |
| Foggy Bottom / West End / GWU | $705K | $685K | -2.8% |
| West End | $917.5K | $812.4K | -11.4% |
| Foggy Bottom | $583.5K | $496K | -15.0% |
Housing Supply in Foggy Bottom, DC
How many homes are available in Foggy Bottom, DC?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 52 | 56 | +7.7% |
Summary: The Foggy Bottom real estate market had 56 homes for sale in September 2024, a 7.7% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 29 | 32 | +10.3% |
| 2 Bedrooms | 17 | 17 | 0.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Foggy Bottom housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 8 | 2 | -75.0% |
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 Foggy Bottom, 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 Foggy Bottom in September 2024, down by 75.0% 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 Foggy Bottom, DC
How long does it take to sell a home in Foggy Bottom, DC?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 90 Days | 18 Days | -80.0% |
Summary: Homes in Foggy Bottom had an average of 18 days on market in Sep 2024, down by 80% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Foggy Bottom are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 2 homes were sold in Foggy Bottom; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
