$9,203 Closing Credit*
$775,000
880 SqFt
2 Beds
•2 Full Baths
Omar J Samaha, Listing Office: Compass
Is Navy Yard, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Navy Yard was a Seller's Market.
Key Takeaway
Navy Yard is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Navy Yard, DC
How much do homes in Navy Yard, DC cost?
Median Sold Price
$515,000
$891/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$6,000(-1.2%)
Key Takeaway
Homes in Navy Yard have sold for 1.2% less than they did a month ago.
Summary: The median home sold price in Navy Yard was $515,000 in October 2024, down 1.2% from last month, and the median price per square foot was $891.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $475K | $515K | +8.4% |
| 2 Bedrooms | $567K | - | N/A |
| 3 Bedrooms | - | - | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Navy Yard housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes increased by 8.4%, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Navy Yard, DC
How many homes are available in Navy Yard, DC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Summary: The Navy Yard real estate market had 10 homes for sale in October 2024, a 9.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 5 | -16.7% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 0 | 0 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Navy Yard housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Navy Yard, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Navy Yard in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Navy Yard, DC
How long does it take to sell a home in Navy Yard, DC?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 152 Days | +508.0% |
Summary: Homes in Navy Yard had an average of 152 days on market in Oct 2024, up by 508% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Navy Yard are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 1 homes were sold in Navy Yard; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
