$4,691 Closing Credit*
$395,000
651 SqFt
1 Bed
•1 Full Bath
Ashley Brudowsky, Listing Office: Real Broker, LLC
Is NoMa / Stanton Park / Kingman Park, 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, NoMa / Stanton Park / Kingman Park was a Seller's Market.
Key Takeaway
NoMa / Stanton Park / Kingman Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in NoMa / Stanton Park / Kingman Park, DC
How much do homes in NoMa / Stanton Park / Kingman Park, DC cost?
Median Sold Price
$855,000
$555/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$32,500(+4.0%)
Key Takeaway
Homes in NoMa / Stanton Park / Kingman Park have sold for 4% more than they did a year ago.
Summary: The median home sold price in NoMa / Stanton Park / Kingman Park was $855,000 in October 2024, up 4% from last year, and the median price per square foot was $555.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $415K | $415K | 0.0% |
| 2 Bedrooms | $638.5K | $695K | +8.8% |
| 3 Bedrooms | $872K | $874.9K | 0.3% |
| 4 Bedrooms | $1.2M | $1.1M | -4.8% |
| 5+ Bedrooms | $1.6M | $1.6M | -1.0% |
Summary: NoMa / Stanton Park / Kingman Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 0.3%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes decreased by 1%.
Median Sold Price Compared To Nearby Neighborhoods
| Lincoln Park | $922.5K | $1.0M | +14.6% |
| Trinidad | $560K | $599.9K | +7.1% |
| NoMa / Stanton Park / Kingman Park | $822.5K | $855K | +4.0% |
| H Street Corridor / Near Northeast | $850K | $874.9K | +2.9% |
| Stanton Park | $995K | $940K | -5.5% |
Housing Supply in NoMa / Stanton Park / Kingman Park, DC
How many homes are available in NoMa / Stanton Park / Kingman Park, DC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 196 | 247 | +26.0% |
Summary: The NoMa / Stanton Park / Kingman Park real estate market had 247 homes for sale in October 2024, a 26.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 23 | +53.3% |
| 2 Bedrooms | 56 | 67 | +19.6% |
| 3 Bedrooms | 68 | 91 | +33.8% |
| 4 Bedrooms | 42 | 45 | +7.1% |
| 5+ Bedrooms | 15 | 21 | +40.0% |
Summary: The NoMa / Stanton Park / Kingman Park housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 53.3%, 2 bedroom homes increased by 19.6%, 3 bedroom homes increased by 33.8%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 35 | +25.0% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in NoMa / Stanton Park / Kingman Park, you may be able to get a good deal. 54.3% of homes here sold below asking price last month.
Summary: A total of 35 homes were sold or pending in NoMa / Stanton Park / Kingman Park in October 2024, up by 25.0% month-over-month. Of the 35 sold homes, 54% were sold under asking, 17% were sold at asking, and 29% were sold over asking.
Days on Market for NoMa / Stanton Park / Kingman Park, DC
How long does it take to sell a home in NoMa / Stanton Park / Kingman Park, DC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 27 Days | +6.2% |
Summary: Homes in NoMa / Stanton Park / Kingman Park had an average of 27 days on market in Oct 2024, up by 6.2% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in NoMa / Stanton Park / Kingman Park are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 35 homes were sold in NoMa / Stanton Park / Kingman Park; 80% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
