$649,900
0.04 Acres
Land
Cherice N Clark, Listing Office: Clark Premier Realty Group
Is Ivy City / Arboretum / Trinidad / Carver Langston, 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, Ivy City / Arboretum / Trinidad / Carver Langston was a Seller's Market.
Key Takeaway
Ivy City / Arboretum / Trinidad / Carver Langston is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ivy City / Arboretum / Trinidad / Carver Langston, DC
How much do homes in Ivy City / Arboretum / Trinidad / Carver Langston, DC cost?
Median Sold Price
$565,000
$421/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$55,000(+10.8%)
Key Takeaway
Homes in Ivy City / Arboretum / Trinidad / Carver Langston have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in Ivy City / Arboretum / Trinidad / Carver Langston was $565,000 in November 2024, up 10.8% from last year, and the median price per square foot was $421.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $298.4K | $287.4K | -3.7% |
| 2 Bedrooms | $489.9K | $460K | -6.1% |
| 3 Bedrooms | $581.7K | $601K | +3.3% |
| 4 Bedrooms | $760K | $806.9K | +6.2% |
| 5+ Bedrooms | $630K | $882.5K | +40.1% |
Summary: Ivy City / Arboretum / Trinidad / Carver Langston housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.7%, 2 bedroom homes decreased by 6.1%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 40.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Ivy City / Arboretum / Trinidad / Carver Langston | $510K | $565K | +10.8% |
| Trinidad | $572.5K | $600K | +4.8% |
| Carver Langston | $399K | $402.4K | +0.9% |
Housing Supply in Ivy City / Arboretum / Trinidad / Carver Langston, DC
How many homes are available in Ivy City / Arboretum / Trinidad / Carver Langston, DC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 143 | 162 | +13.3% |
Summary: The Ivy City / Arboretum / Trinidad / Carver Langston real estate market had 162 homes for sale in November 2024, a 13.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 19 | 22 | +15.8% |
| 2 Bedrooms | 51 | 56 | +9.8% |
| 3 Bedrooms | 53 | 60 | +13.2% |
| 4 Bedrooms | 17 | 21 | +23.5% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Ivy City / Arboretum / Trinidad / Carver Langston housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.8%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 5 | -54.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ivy City / Arboretum / Trinidad / Carver Langston, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Ivy City / Arboretum / Trinidad / Carver Langston in November 2024, down by 54.5% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for Ivy City / Arboretum / Trinidad / Carver Langston, DC
How long does it take to sell a home in Ivy City / Arboretum / Trinidad / Carver Langston, DC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 50 Days | 31 Days | -37.0% |
Summary: Homes in Ivy City / Arboretum / Trinidad / Carver Langston had an average of 31 days on market in Nov 2024, down by 37% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ivy City / Arboretum / Trinidad / Carver Langston are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Ivy City / Arboretum / Trinidad / Carver Langston; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
