$10,000 Closing Credit*
$995,000
1,552 SqFt
3 Beds
•2 Full Baths, 1 Partial
Jeffery B. Shumaker, Listing Office: Curatus Realty
Is Near Southeast, 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, Near Southeast was a Buyer's Market.
Key Takeaway
Near Southeast is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Near Southeast, DC
How much do homes in Near Southeast, DC cost?
Median Sold Price
$625,000
$599/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$81,500(+15.0%)
Key Takeaway
Homes in Near Southeast have sold for 15% more than they did a year ago.
Summary: The median home sold price in Near Southeast was $625,000 in October 2024, up 15% from last year, and the median price per square foot was $599.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $395K | $402.5K | +1.9% |
| 2 Bedrooms | $725K | $625K | -13.8% |
| 3 Bedrooms | $1.1M | $957.5K | -15.3% |
| 4 Bedrooms | $1.3M | $1.3M | +2.7% |
| 5+ Bedrooms | - | $1.0M | N/A |
Summary: Near Southeast housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.9%, 2 bedroom homes decreased by 13.8%, 3 bedroom homes decreased by 15.3%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Capitol Hill | $769K | $960K | +24.8% |
| Near Southeast | $543.5K | $625K | +15.0% |
| Capitol Hill / Lincoln Park | $851.1K | $903.3K | +6.1% |
| Near Southeast / Navy Yard | $615K | $607.5K | -1.2% |
Housing Supply in Near Southeast, DC
How many homes are available in Near Southeast, DC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 38 | +11.8% |
Summary: The Near Southeast real estate market had 38 homes for sale in October 2024, a 11.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 10 | +25.0% |
| 2 Bedrooms | 16 | 16 | 0.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 5 | 8 | +60.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Near Southeast housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 60%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Near Southeast, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Near Southeast in October 2024, up by 40.0% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.
Days on Market for Near Southeast, DC
How long does it take to sell a home in Near Southeast, DC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 124 Days | 20 Days | -83.5% |
Summary: Homes in Near Southeast had an average of 20 days on market in Oct 2024, down by 83.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Near Southeast are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Near Southeast; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
