$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 / Navy Yard, 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 / Navy Yard was a Seller's Market.
Key Takeaway
Near Southeast / Navy Yard is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Near Southeast / Navy Yard, DC
How much do homes in Near Southeast / Navy Yard, DC cost?
Median Sold Price
$610,000
$615/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$10,000(-1.6%)
Key Takeaway
Homes in Near Southeast / Navy Yard have sold for 1.6% less than they did a year ago.
Summary: The median home sold price in Near Southeast / Navy Yard was $610,000 in November 2024, down 1.6% from last year, and the median price per square foot was $615.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $405.7K | $418.5K | +3.1% |
| 2 Bedrooms | $724.9K | $625K | -13.8% |
| 3 Bedrooms | $1.2M | $1.1M | -8.9% |
| 4 Bedrooms | $1.3M | $1.2M | -8.2% |
| 5+ Bedrooms | - | $1.0M | N/A |
Summary: Near Southeast / Navy Yard housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.1%, 2 bedroom homes decreased by 13.8%, 3 bedroom homes decreased by 8.9%, 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 / Navy Yard, DC
How many homes are available in Near Southeast / Navy Yard, DC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 45 | 45 | 0.0% |
Summary: The Near Southeast / Navy Yard real estate market had 45 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 | 16 | 13 | -18.8% |
| 2 Bedrooms | 20 | 22 | +10.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Near Southeast / Navy Yard housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 18.8%, 2 bedroom homes increased by 10%, 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 |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
4 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 / Navy Yard, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Near Southeast / Navy Yard in November 2024, down by 37.5% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Near Southeast / Navy Yard, DC
How long does it take to sell a home in Near Southeast / Navy Yard, DC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 65 Days | +151.5% |
Summary: Homes in Near Southeast / Navy Yard had an average of 65 days on market in Nov 2024, up by 151.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Near Southeast / Navy Yard are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Near Southeast / Navy Yard; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
