$1,661 Closing Credit*
$139,900
1,591 SqFt
3 Beds
•1 Full Bath, 1 Partial
Angie Hashempour, Listing Office: Hometime Realty, LLC
Is Mayfair / Central Northeast, 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, Mayfair / Central Northeast was a Seller's Market.
Key Takeaway
Mayfair / Central Northeast is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mayfair / Central Northeast, DC
How much do homes in Mayfair / Central Northeast, DC cost?
Median Sold Price
$382,649
$277/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$16,850(-4.2%)
Key Takeaway
Homes in Mayfair / Central Northeast have sold for 4.2% less than they did a year ago.
Summary: The median home sold price in Mayfair / Central Northeast was $382,649 in November 2024, down 4.2% from last year, and the median price per square foot was $277.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $177.5K | N/A |
| 2 Bedrooms | $225K | $261K | +16.0% |
| 3 Bedrooms | $404.7K | $451.2K | +11.5% |
| 4 Bedrooms | $505K | $505K | 0.0% |
| 5+ Bedrooms | $561.9K | $405K | -27.9% |
Summary: Mayfair / Central Northeast housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16%, 3 bedroom homes increased by 11.5%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 27.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Central Northeast | $342.2K | $350K | +2.3% |
| Mayfair / Central Northeast | $399.5K | $382.6K | -4.2% |
Housing Supply in Mayfair / Central Northeast, DC
How many homes are available in Mayfair / Central Northeast, DC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 22 | 0.0% |
Summary: The Mayfair / Central Northeast real estate market had 22 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 9 | 11 | +22.2% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Mayfair / Central Northeast 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 decreased by 12.5%, 3 bedroom homes increased by 22.2%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Mayfair / Central Northeast, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Mayfair / Central Northeast in November 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Mayfair / Central Northeast, DC
How long does it take to sell a home in Mayfair / Central Northeast, DC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 62 Days | 61 Days | -2.2% |
Summary: Homes in Mayfair / Central Northeast had an average of 61 days on market in Nov 2024, down by 2.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Mayfair / Central Northeast are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Mayfair / Central Northeast; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
