$10,000 Closing Credit*
$850,000
1,590 SqFt
Teresa A Ferrante, Listing Office: Terra Firma Real Estate LLC
Is Kingman Park, 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, Kingman Park was a Seller's Market.
Key Takeaway
Kingman Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Kingman Park, DC
How much do homes in Kingman Park, DC cost?
Median Sold Price
$685,000
$436/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$60,000(+9.6%)
Key Takeaway
Homes in Kingman Park have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in Kingman Park was $685,000 in November 2024, up 9.6% from last year, and the median price per square foot was $436.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $355.7K | $395K | +11.0% |
| 2 Bedrooms | $539.9K | $550K | +1.9% |
| 3 Bedrooms | $650K | $674K | +3.7% |
| 4 Bedrooms | $880K | $935K | +6.3% |
| 5+ Bedrooms | - | $700.8K | N/A |
Summary: Kingman Park housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Kingman Park | $625K | $685K | +9.6% |
| NoMa / Stanton Park / Kingman Park | $825K | $854.6K | +3.6% |
| Capitol Hill / Lincoln Park | $875K | $901.8K | +3.1% |
| Carver Langston | $399K | $402.4K | +0.9% |
| Barney Circle / Hill East | $850K | $775K | -8.8% |
Housing Supply in Kingman Park, DC
How many homes are available in Kingman Park, DC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 58 | 56 | -3.4% |
Summary: The Kingman Park real estate market had 56 homes for sale in November 2024, a 3.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 18 | 18 | 0.0% |
| 3 Bedrooms | 22 | 19 | -13.6% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Kingman Park housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 13.6%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 6 | -45.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kingman Park, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Kingman Park in November 2024, down by 45.5% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Kingman Park, DC
How long does it take to sell a home in Kingman Park, DC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 50 Days | +151.7% |
Summary: Homes in Kingman Park had an average of 50 days on market in Nov 2024, up by 151.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Kingman Park has remained consistent over time.
Summary: During November 2024, 6 homes were sold in Kingman Park; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
