$7,066 Closing Credit*
$595,000
1,027 SqFt
2 Beds
•2 Full Baths
Justin T Paulhamus, Listing Office: 4J Real Estate, LLC
Is Near Southeast, 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, Near Southeast was a Seller's Market.
Key Takeaway
Near Southeast is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Near Southeast, DC
How much do homes in Near Southeast, DC cost?
Median Sold Price
$647,000
$598/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$57,000(+9.7%)
Key Takeaway
Homes in Near Southeast have sold for 9.7% more than they did a year ago.
Summary: The median home sold price in Near Southeast was $647,000 in November 2024, up 9.7% from last year, and the median price per square foot was $598.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $400K | $402.5K | +0.6% |
| 2 Bedrooms | $689.9K | $625K | -9.4% |
| 3 Bedrooms | $1.1M | $1.1M | +2.0% |
| 4 Bedrooms | $1.3M | $1.2M | -8.2% |
| 5+ Bedrooms | - | $1.0M | N/A |
Summary: Near Southeast housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.6%, 2 bedroom homes decreased by 9.4%, 3 bedroom homes increased by 2%, 4 bedroom homes decreased by 8.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Capitol Hill | $860K | $983.5K | +14.4% |
| Near Southeast | $590K | $647K | +9.7% |
| Capitol Hill / Lincoln Park | $875K | $901.8K | +3.1% |
| Near Southeast / Navy Yard | $620K | $610K | -1.6% |
Housing Supply in Near Southeast, DC
How many homes are available in Near Southeast, DC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 34 | 34 | 0.0% |
Summary: The Near Southeast real estate market had 34 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 | 10 | 8 | -20.0% |
| 2 Bedrooms | 15 | 16 | +6.7% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Near Southeast housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
2 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. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Near Southeast in November 2024, down by 57.1% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 11 Days | 74 Days | +578.8% |
Summary: Homes in Near Southeast had an average of 74 days on market in Nov 2024, up by 578.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Near Southeast are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 3 homes were sold in Near Southeast; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
