$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 / Navy Yard, 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 / Navy Yard was a Buyer's Market.
Key Takeaway
Near Southeast / Navy Yard is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Near Southeast / Navy Yard, DC
How much do homes in Near Southeast / Navy Yard, DC cost?
Median Sold Price
$607,500
$625/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$7,500(-1.2%)
Key Takeaway
Homes in Near Southeast / Navy Yard have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in Near Southeast / Navy Yard was $607,500 in October 2024, down 1.2% from last year, and the median price per square foot was $625.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $405K | $412.5K | +1.9% |
| 2 Bedrooms | $730K | $625K | -14.4% |
| 3 Bedrooms | $1.2M | $1.1M | -9.3% |
| 4 Bedrooms | $1.3M | $1.3M | +2.7% |
| 5+ Bedrooms | - | $1.0M | N/A |
Summary: Near Southeast / Navy Yard 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 14.4%, 3 bedroom homes decreased by 9.3%, 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 / Navy Yard, DC
How many homes are available in Near Southeast / Navy Yard, DC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 45 | 48 | +6.7% |
Summary: The Near Southeast / Navy Yard real estate market had 48 homes for sale in October 2024, a 6.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 15 | +7.1% |
| 2 Bedrooms | 21 | 21 | 0.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 5 | 8 | +60.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Near Southeast / Navy Yard housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.1%, 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 |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
7 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. 87.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Near Southeast / Navy Yard in October 2024, up by 14.3% month-over-month. Of the 8 sold homes, 88% were sold under asking, 13% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 124 Days | 36 Days | -70.3% |
Summary: Homes in Near Southeast / Navy Yard had an average of 36 days on market in Oct 2024, down by 70.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was 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 October 2024, 8 homes were sold in Near Southeast / Navy Yard; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
