$5,759 Closing Credit*
$485,000
989 SqFt
2 Beds
•3 Full Baths
Rebecca Williams, Listing Office: Compass
Is Kingman Park, 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, Kingman Park was a Seller's Market.
Key Takeaway
Kingman Park is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Kingman Park, DC
How much do homes in Kingman Park, DC cost?
Median Sold Price
$685,000
$444/sqft
Based on all homes sold in the last 12 months.
Difference Since October 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 October 2024, up 9.6% from last year, and the median price per square foot was $444.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $355.7K | $395K | +11.0% |
| 2 Bedrooms | $539.9K | $572.5K | +6.0% |
| 3 Bedrooms | $662.5K | $674K | +1.7% |
| 4 Bedrooms | $925K | $865K | -6.5% |
| 5+ Bedrooms | - | $680K | N/A |
Summary: Kingman Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Kingman Park | $625K | $685K | +9.6% |
| Capitol Hill / Lincoln Park | $851.1K | $903.3K | +6.1% |
| NoMa / Stanton Park / Kingman Park | $822.5K | $855K | +4.0% |
| Carver Langston | $399.4K | $390K | -2.4% |
| Barney Circle / Hill East | $850K | $765K | -10.0% |
Housing Supply in Kingman Park, DC
How many homes are available in Kingman Park, DC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 53 | 68 | +28.3% |
Summary: The Kingman Park real estate market had 68 homes for sale in October 2024, a 28.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 4 | +300.0% |
| 2 Bedrooms | 20 | 23 | +15.0% |
| 3 Bedrooms | 19 | 23 | +21.1% |
| 4 Bedrooms | 11 | 15 | +36.4% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Kingman Park housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 300%, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 21.1%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 10 | +100.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Kingman Park, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Kingman Park in October 2024, up by 100.0% month-over-month. Of the 10 sold homes, 70% were sold under asking, 20% were sold at asking, and 10% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 16 Days | -36.9% |
Summary: Homes in Kingman Park had an average of 16 days on market in Oct 2024, down by 36.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kingman Park are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in Kingman Park; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
