$6,531 Closing Credit*
$550,000
2,609 SqFt
4 Beds
•1 Full Bath
Ralea Roberts, Listing Office: Amber & Company Real Estate
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 October 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
$544,950
$424/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$34,950(+6.9%)
Key Takeaway
Homes in Ivy City / Arboretum / Trinidad / Carver Langston have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Ivy City / Arboretum / Trinidad / Carver Langston was $544,950 in October 2024, up 6.9% from last year, and the median price per square foot was $424.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $297K | $292.4K | -1.5% |
| 2 Bedrooms | $492.4K | $444.2K | -9.8% |
| 3 Bedrooms | $580K | $606.9K | +4.6% |
| 4 Bedrooms | $790K | $801.4K | +1.5% |
| 5+ Bedrooms | $630K | $882.5K | +40.1% |
Summary: Ivy City / Arboretum / Trinidad / Carver Langston housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.5%, 2 bedroom homes decreased by 9.8%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 40.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Trinidad | $560K | $599.9K | +7.1% |
| Ivy City / Arboretum / Trinidad / Carver Langston | $510K | $544.9K | +6.9% |
| Carver Langston | $399.4K | $390K | -2.4% |
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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 132 | 166 | +25.8% |
Summary: The Ivy City / Arboretum / Trinidad / Carver Langston real estate market had 166 homes for sale in October 2024, a 25.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 23 | 25 | +8.7% |
| 2 Bedrooms | 47 | 57 | +21.3% |
| 3 Bedrooms | 41 | 58 | +41.5% |
| 4 Bedrooms | 17 | 22 | +29.4% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Ivy City / Arboretum / Trinidad / Carver Langston housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.7%, 2 bedroom homes increased by 21.3%, 3 bedroom homes increased by 41.5%, 4 bedroom homes increased by 29.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 13 | +62.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ivy City / Arboretum / Trinidad / Carver Langston, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Ivy City / Arboretum / Trinidad / Carver Langston in October 2024, up by 62.5% month-over-month. Of the 13 sold homes, 54% were sold under asking, 15% were sold at asking, and 31% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 57 Days | +71.5% |
Summary: Homes in Ivy City / Arboretum / Trinidad / Carver Langston had an average of 57 days on market in Oct 2024, up by 71.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 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 October 2024, 13 homes were sold in Ivy City / Arboretum / Trinidad / Carver Langston; 54% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.
