$7,707 Closing Credit*
$649,000
938 SqFt
2 Beds
•2 Full Baths
Tony Taylor, Listing Office: Real Broker, LLC
Is LeDroit Park, 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, LeDroit Park has remained a Seller's Market.
Key Takeaway
LeDroit Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in LeDroit Park, DC
How much do homes in LeDroit Park, DC cost?
Median Sold Price
$724,500
$530/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$167,500(-18.8%)
Key Takeaway
Homes in LeDroit Park have sold for 18.8% less than they did a year ago.
Summary: The median home sold price in LeDroit Park was $724,500 in October 2024, down 18.8% from last year, and the median price per square foot was $530.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $300K | N/A |
| 2 Bedrooms | $815.2K | $487.5K | -40.2% |
| 3 Bedrooms | $835K | $865K | +3.6% |
| 4 Bedrooms | $1.2M | $1.0M | -19.4% |
| 5+ Bedrooms | - | $1.3M | N/A |
Summary: LeDroit Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 40.2%, 3 bedroom homes increased by 3.6%, 4 bedroom homes decreased by 19.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Edgewood / Bloomingdale / Truxton Circle / Eckington | $750K | $780K | +4.0% |
| Bloomingdale | $949K | $900K | -5.2% |
| Pleasant Plains / LeDroit Park | $738.1K | $657.5K | -10.9% |
| LeDroit Park | $892K | $724.5K | -18.8% |
Housing Supply in LeDroit Park, DC
How many homes are available in LeDroit Park, DC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 13 | +116.7% |
Summary: The LeDroit Park real estate market had 13 homes for sale in October 2024, a 116.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 4 | 6 | +50.0% |
| 4 Bedrooms | 2 | 5 | +150.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The LeDroit Park housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 150%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in LeDroit Park, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in LeDroit Park in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for LeDroit Park, DC
How long does it take to sell a home in LeDroit Park, DC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 6 Days | 31 Days | +416.7% |
Summary: Homes in LeDroit Park had an average of 31 days on market in Oct 2024, up by 416.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in LeDroit Park has remained consistent over time.
Summary: During October 2024, 3 homes were sold in LeDroit Park; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
