$5,522 Closing Credit*
$465,000
805 SqFt
1 Bed
•1 Full Bath
John Eric, Listing Office: Compass
Is Lincoln 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, Lincoln Park was a Seller's Market.
Key Takeaway
Lincoln Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lincoln Park, DC
How much do homes in Lincoln Park, DC cost?
Median Sold Price
$1,057,250
$618/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$134,750(+14.6%)
Key Takeaway
Homes in Lincoln Park have sold for 14.6% more than they did a year ago.
Summary: The median home sold price in Lincoln Park was $1,057,250 in October 2024, up 14.6% from last year, and the median price per square foot was $618.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $455K | $477.5K | +4.9% |
| 2 Bedrooms | $825K | $825K | 0.0% |
| 3 Bedrooms | $1.1M | $1.0M | -5.3% |
| 4 Bedrooms | $1.2M | $1.4M | +13.6% |
| 5+ Bedrooms | - | $1.6M | N/A |
Summary: Lincoln Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.9%, 2 bedroom homes did not change, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Lincoln Park | $922.5K | $1.0M | +14.6% |
| Capitol Hill / Lincoln Park | $851.1K | $903.3K | +6.1% |
| NoMa / Stanton Park / Kingman Park | $822.5K | $855K | +4.0% |
| Stanton Park | $995K | $940K | -5.5% |
| Barney Circle / Hill East | $850K | $765K | -10.0% |
Housing Supply in Lincoln Park, DC
How many homes are available in Lincoln Park, DC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 37 | +68.2% |
Summary: The Lincoln Park real estate market had 37 homes for sale in October 2024, a 68.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 7 | +16.7% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 4 | 10 | +150.0% |
| 4 Bedrooms | 4 | 9 | +125.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Lincoln Park housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 150%, 4 bedroom homes increased by 125%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lincoln Park, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Lincoln Park in October 2024, the same as the previous month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Lincoln Park, DC
How long does it take to sell a home in Lincoln Park, DC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 6 Days | -81.4% |
Summary: Homes in Lincoln Park had an average of 6 days on market in Oct 2024, down by 81.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lincoln Park are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Lincoln Park; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
