Is Hawthorne / Barnaby Woods / Chevy Chase, DC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hawthorne / Barnaby Woods / Chevy Chase is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Hawthorne / Barnaby Woods / Chevy Chase has remained a Seller's Market.

Key Takeaway

Hawthorne / Barnaby Woods / Chevy Chase is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Hawthorne / Barnaby Woods / Chevy Chase, DC

How much do homes in Hawthorne / Barnaby Woods / Chevy Chase, DC cost?

Median Sold Price

$1,525,000

$535/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$145,000(+10.5%)

Key Takeaway

Homes in Hawthorne / Barnaby Woods / Chevy Chase have sold for 10.5% more than they did a year ago.

Summary: The median home sold price in Hawthorne / Barnaby Woods / Chevy Chase was $1,525,000 in November 2024, up 10.5% from last year, and the median price per square foot was $535.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $242.4K$274.9K
+13.4%
2 $629K$780K
+24.0%
3 $1.1M$1.2M
+8.3%
4 $1.4M$1.5M
+3.5%
5+ $1.8M$1.9M
+7.6%

Summary: Hawthorne / Barnaby Woods / Chevy Chase housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.4%, 2 bedroom homes increased by 24%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 7.6%.

Median Sold Price Compared To Nearby Neighborhoods

Hawthorne / Barnaby Woods / Chevy Chase
+10.5%
Chevy Chase
+7.1%

Housing Supply in Hawthorne / Barnaby Woods / Chevy Chase, DC

How many homes are available in Hawthorne / Barnaby Woods / Chevy Chase, DC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3832-15.8%

Summary: The Hawthorne / Barnaby Woods / Chevy Chase real estate market had 32 homes for sale in November 2024, a 15.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 44
0.0%
3 45
+25.0%
4 105
-50.0%
5+ 2017
-15.0%

Summary: The Hawthorne / Barnaby Woods / Chevy Chase housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 15%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1013+30.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hawthorne / Barnaby Woods / Chevy Chase, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Hawthorne / Barnaby Woods / Chevy Chase in November 2024, up by 30.0% month-over-month. Of the 13 sold homes, 46% were sold under asking, 8% were sold at asking, and 46% were sold over asking.

Days on Market for Hawthorne / Barnaby Woods / Chevy Chase, DC

How long does it take to sell a home in Hawthorne / Barnaby Woods / Chevy Chase, DC?

Average Sale Time

Nov 2023Nov 2024CHANGE
19 Days25 Days+26.3%

Summary: Homes in Hawthorne / Barnaby Woods / Chevy Chase had an average of 25 days on market in Nov 2024, up by 26.3% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Hawthorne / Barnaby Woods / Chevy Chase are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 13 homes were sold in Hawthorne / Barnaby Woods / Chevy Chase; 85% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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