$9,263 Closing Credit*
$780,000
1,224 SqFt
2 Beds
•2 Full Baths
Phillip James J Snedegar, Listing Office: Berkshire Hathaway HomeServices PenFed Realty
Is Kalorama Triangle, 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 Triangle has remained a Seller's Market.
Key Takeaway
Kalorama Triangle is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kalorama Triangle, DC
How much do homes in Kalorama Triangle, DC cost?
Median Sold Price
$562,000
$651/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$25,000(-4.3%)
Key Takeaway
Homes in Kalorama Triangle have sold for 4.3% less than they did a year ago.
Summary: The median home sold price in Kalorama Triangle was $562,000 in October 2024, down 4.3% from last year, and the median price per square foot was $651.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $399.9K | $421.7K | +5.4% |
| 2 Bedrooms | $685K | $750K | +9.5% |
| 3 Bedrooms | $1.3M | $1.3M | +2.7% |
| 4 Bedrooms | $1.8M | $2.5M | +41.8% |
| 5+ Bedrooms | $3.0M | $2.3M | -21.7% |
Summary: Kalorama Triangle housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.4%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 41.8%, and 5+ bedroom homes decreased by 21.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Kalorama | $675K | $749.5K | +11.0% |
| Kalorama Triangle | $587K | $562K | -4.3% |
| Lanier Heights | $486K | $447.2K | -8.0% |
| Adams Morgan | $617K | $555K | -10.0% |
Housing Supply in Kalorama Triangle, DC
How many homes are available in Kalorama Triangle, DC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 19 | +11.8% |
Summary: The Kalorama Triangle real estate market had 19 homes for sale in October 2024, a 11.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 9 | +28.6% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 0 | 1 | +100.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Kalorama Triangle housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
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 Kalorama Triangle, 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 Kalorama Triangle in October 2024, up by 150.0% 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 Kalorama Triangle, DC
How long does it take to sell a home in Kalorama Triangle, DC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 19 Days | -38.5% |
Summary: Homes in Kalorama Triangle had an average of 19 days on market in Oct 2024, down by 38.5% 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 Kalorama Triangle are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Kalorama Triangle; 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.
