$5,047 Closing Credit*
$425,000
777 SqFt
1 Bed
•1 Full Bath
Joseph R DeFilippo IV, Listing Office: Compass
Is Kalorama, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Kalorama has remained a Seller's Market.
Key Takeaway
Kalorama is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kalorama, DC
How much do homes in Kalorama, DC cost?
Median Sold Price
$749,500
$661/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$74,500(+11.0%)
Key Takeaway
Homes in Kalorama have sold for 11% more than they did a year ago.
Summary: The median home sold price in Kalorama was $749,500 in October 2024, up 11% from last year, and the median price per square foot was $661.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $399.9K | $420K | +5.0% |
| 2 Bedrooms | $715K | $750K | +4.9% |
| 3 Bedrooms | $1.7M | $1.3M | -22.5% |
| 4 Bedrooms | $1.8M | $3.0M | +61.9% |
| 5+ Bedrooms | $3.7M | $3.2M | -14.6% |
Summary: Kalorama 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 4.9%, 3 bedroom homes decreased by 22.5%, 4 bedroom homes increased by 61.9%, and 5+ bedroom homes decreased by 14.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Sheridan-Kalorama | $863K | $1.3M | +60.5% |
| Kalorama | $675K | $749.5K | +11.0% |
| Kalorama Triangle | $587K | $562K | -4.3% |
| Adams Morgan | $617K | $555K | -10.0% |
Housing Supply in Kalorama, DC
How many homes are available in Kalorama, DC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 47 | +17.5% |
Summary: The Kalorama real estate market had 47 homes for sale in October 2024, a 17.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 13 | +8.3% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The Kalorama housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 8 | +100.0% |
Asking Price vs. Sold Price
2 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 Kalorama, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Kalorama in October 2024, up by 100.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Kalorama, DC
How long does it take to sell a home in Kalorama, DC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 24 Days | -27.4% |
Summary: Homes in Kalorama had an average of 24 days on market in Oct 2024, down by 27.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kalorama are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Kalorama; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
