$4,691 Closing Credit*
$395,000
651 SqFt
1 Bed
•1 Full Bath
Ashley Brudowsky, Listing Office: Real Broker, LLC
Is Northeast, 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, Northeast was a Seller's Market.
Key Takeaway
Northeast is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Northeast, DC
How much do homes in Northeast, DC cost?
Median Sold Price
$605,380
$415/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$9,553(-1.6%)
Key Takeaway
Homes in Northeast have sold for 1.6% less than they did a year ago.
Summary: The median home sold price in Northeast was $605,380 in October 2024, down 1.6% from last year, and the median price per square foot was $415.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $360K | $332K | -7.8% |
| 2 Bedrooms | $503.6K | $489.9K | -2.7% |
| 3 Bedrooms | $649.2K | $625K | -3.7% |
| 4 Bedrooms | $802.5K | $850K | +5.9% |
| 5+ Bedrooms | $985K | $992.5K | +0.8% |
Summary: Northeast housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.8%, 2 bedroom homes decreased by 2.7%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 0.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Northeast | $614.9K | $605.3K | -1.6% |
| Woodridge / Fort Lincoln / Gateway | $672.5K | $550K | -18.2% |
Housing Supply in Northeast, DC
How many homes are available in Northeast, DC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 753 | 914 | +21.4% |
Summary: The Northeast real estate market had 914 homes for sale in October 2024, a 21.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 66 | 81 | +22.7% |
| 2 Bedrooms | 206 | 242 | +17.5% |
| 3 Bedrooms | 276 | 354 | +28.3% |
| 4 Bedrooms | 148 | 168 | +13.5% |
| 5+ Bedrooms | 57 | 69 | +21.1% |
Summary: The Northeast housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.7%, 2 bedroom homes increased by 17.5%, 3 bedroom homes increased by 28.3%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes increased by 21.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 91 | 94 | +3.3% |
Asking Price vs. Sold Price
45 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
30 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northeast, you may be able to get a good deal. 47.9% of homes here sold below asking price last month.
Summary: A total of 94 homes were sold or pending in Northeast in October 2024, up by 3.3% month-over-month. Of the 94 sold homes, 48% were sold under asking, 20% were sold at asking, and 32% were sold over asking.
Days on Market for Northeast, DC
How long does it take to sell a home in Northeast, DC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 41 Days | +15.7% |
Summary: Homes in Northeast had an average of 41 days on market in Oct 2024, up by 15.7% compared to last year.
Breakdown of Home Sale Times
57 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Northeast are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 94 homes were sold in Northeast; 61% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
