$5,759 Closing Credit*
$485,000
787 SqFt
1 Bed
•1 Full Bath
John M Barry Jr., Listing Office: Compass
Is Mount Vernon Square, 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, Mount Vernon Square was a Seller's Market.
Key Takeaway
Mount Vernon Square is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mount Vernon Square, DC
How much do homes in Mount Vernon Square, DC cost?
Median Sold Price
$535,000
$676/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$9,950(-1.8%)
Key Takeaway
Homes in Mount Vernon Square have sold for 1.8% less than they did a year ago.
Summary: The median home sold price in Mount Vernon Square was $535,000 in October 2024, down 1.8% from last year, and the median price per square foot was $676.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $481.2K | $475K | -1.3% |
| 2 Bedrooms | $657.5K | $640K | -2.7% |
| 3 Bedrooms | $1.0M | - | N/A |
| 4 Bedrooms | $1.2M | - | N/A |
| 5+ Bedrooms | - | $1.3M | N/A |
Summary: Mount Vernon Square housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.3%, 2 bedroom homes decreased by 2.7%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Truxton Circle | $739.5K | $805K | +8.9% |
| Downtown / Chinatown / Penn Quarter / Mount Vernon Square | $524.9K | $545K | +3.8% |
| Mount Vernon Square | $544.9K | $535K | -1.8% |
| Shaw | $975K | $822.5K | -15.6% |
Housing Supply in Mount Vernon Square, DC
How many homes are available in Mount Vernon Square, DC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 35 | +12.9% |
Summary: The Mount Vernon Square real estate market had 35 homes for sale in October 2024, a 12.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 18 | 20 | +11.1% |
| 2 Bedrooms | 11 | 12 | +9.1% |
| 3 Bedrooms | 0 | 0 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Mount Vernon Square housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 9.1%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 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 Mount Vernon Square, 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 Mount Vernon Square in October 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 Mount Vernon Square, DC
How long does it take to sell a home in Mount Vernon Square, DC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 5 Days | -78.1% |
Summary: Homes in Mount Vernon Square had an average of 5 days on market in Oct 2024, down by 78.1% compared to last year.
Breakdown of Home Sale Times
3 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 Mount Vernon Square are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Mount Vernon Square; 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.
