$10,000 Closing Credit*
$1,899,000
1,565 SqFt
2 Beds
•2 Full Baths
Megan L Motherway, Listing Office: EXP Realty, LLC
Is Foggy Bottom / West End / GWU, 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 / West End / GWU was a Seller's Market.
Key Takeaway
Foggy Bottom / West End / GWU is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Foggy Bottom / West End / GWU, DC
How much do homes in Foggy Bottom / West End / GWU, DC cost?
Median Sold Price
$685,000
$679/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$60,000(-8.1%)
Key Takeaway
Homes in Foggy Bottom / West End / GWU have sold for 8.1% less than they did a year ago.
Summary: The median home sold price in Foggy Bottom / West End / GWU was $685,000 in November 2024, down 8.1% from last year, and the median price per square foot was $679.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $405K | $415K | +2.5% |
| 2 Bedrooms | $917.5K | $925K | +0.8% |
| 3 Bedrooms | $2.5M | $2.5M | +1.1% |
| 4 Bedrooms | $2.0M | $2.2M | +13.8% |
| 5+ Bedrooms | $1.5M | - | N/A |
Summary: Foggy Bottom / West End / GWU housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.5%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 13.8%, 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 / West End / GWU, DC
How many homes are available in Foggy Bottom / West End / GWU, DC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 97 | 106 | +9.3% |
Summary: The Foggy Bottom / West End / GWU real estate market had 106 homes for sale in November 2024, a 9.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 39 | 47 | +20.5% |
| 2 Bedrooms | 42 | 41 | -2.4% |
| 3 Bedrooms | 12 | 14 | +16.7% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Foggy Bottom / West End / GWU housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20.5%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 8 | -42.9% |
Asking Price vs. Sold Price
6 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 / West End / GWU, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Foggy Bottom / West End / GWU in November 2024, down by 42.9% month-over-month. Of the 8 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Foggy Bottom / West End / GWU, DC
How long does it take to sell a home in Foggy Bottom / West End / GWU, DC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 46 Days | +56.4% |
Summary: Homes in Foggy Bottom / West End / GWU had an average of 46 days on market in Nov 2024, up by 56.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Foggy Bottom / West End / GWU are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in Foggy Bottom / West End / GWU; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
