$7,897 Closing Credit*
$665,000
1,290 SqFt
1 Bed
•1 Full Bath, 1 Partial
Gigi R. Winston, Listing Office: Winston Real Estate, Inc.
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 October 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
$722/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$35,000(-4.9%)
Key Takeaway
Homes in Foggy Bottom / West End / GWU have sold for 4.9% less than they did a year ago.
Summary: The median home sold price in Foggy Bottom / West End / GWU was $685,000 in October 2024, down 4.9% from last year, and the median price per square foot was $722.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $399.9K | $420K | +5.0% |
| 2 Bedrooms | $895K | $955K | +6.7% |
| 3 Bedrooms | $2.6M | $2.6M | +1.5% |
| 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 October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| East Village | $1.1M | $1.4M | +30.5% |
| Georgetown | $1.4M | $1.6M | +14.3% |
| Foggy Bottom / West End / GWU | $720K | $685K | -4.9% |
| West End | $907.5K | $800K | -11.8% |
| Foggy Bottom | $620K | $511.5K | -17.5% |
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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 90 | 109 | +21.1% |
Summary: The Foggy Bottom / West End / GWU real estate market had 109 homes for sale in October 2024, a 21.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 44 | 45 | +2.3% |
| 2 Bedrooms | 35 | 47 | +34.3% |
| 3 Bedrooms | 9 | 13 | +44.4% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Foggy Bottom / West End / GWU housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 2.3%, 2 bedroom homes increased by 34.3%, 3 bedroom homes increased by 44.4%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 13 | +160.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was 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. 76.9% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Foggy Bottom / West End / GWU in October 2024, up by 160.0% month-over-month. Of the 13 sold homes, 77% were sold under asking, 15% were sold at asking, and 8% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 64 Days | 180 Days | +177.9% |
Summary: Homes in Foggy Bottom / West End / GWU had an average of 180 days on market in Oct 2024, up by 177.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were 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 October 2024, 13 homes were sold in Foggy Bottom / West End / GWU; 38% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.
