$4,000,000
0.26 Acres
Land
Renee Lynn Mercier, Listing Office: Pearson Smith Realty, LLC
Is Northeast, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Northeast was a Seller's Market.
Key Takeaway
Northeast 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 Northeast, DC
How much do homes in Northeast, DC cost?
Median Sold Price
$616,148
$416/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$3,023(+0.5%)
Key Takeaway
The sold price of homes in Northeast has remained the same since last year.
Summary: The median home sold price in Northeast was $616,148 in December 2024, up 0.5% from last year, and the median price per square foot was $416.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $360K | $339K | -5.8% |
| 2 Bedrooms | $501K | $496.5K | -0.9% |
| 3 Bedrooms | $649.3K | $625K | -3.7% |
| 4 Bedrooms | $801.8K | $850K | +6.0% |
| 5+ Bedrooms | $1.0M | $1.0M | 0.2% |
Summary: Northeast housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.8%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 0.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Langdon | $565K | $670K | +18.6% |
| Northeast | $613.1K | $616.1K | 0.5% |
| Woodridge / Fort Lincoln / Gateway | $670K | $632K | -5.7% |
Housing Supply in Northeast, DC
How many homes are available in Northeast, DC?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 736 | 768 | +4.3% |
Summary: The Northeast real estate market had 768 homes for sale in December 2024, a 4.3% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 70 | 70 | 0.0% |
| 2 Bedrooms | 191 | 206 | +7.9% |
| 3 Bedrooms | 287 | 302 | +5.2% |
| 4 Bedrooms | 124 | 128 | +3.2% |
| 5+ Bedrooms | 64 | 62 | -3.1% |
Summary: The Northeast housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes decreased by 3.1%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 92 | 118 | +28.3% |
Asking Price vs. Sold Price
60 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northeast, you may be able to get a good deal. 50.8% of homes here sold below asking price last month.
Summary: A total of 118 homes were sold or pending in Northeast in December 2024, up by 28.3% month-over-month. Of the 118 sold homes, 51% were sold under asking, 23% were sold at asking, and 26% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 48 Days | 45 Days | -6.9% |
Summary: Homes in Northeast had an average of 45 days on market in Dec 2024, down by 6.9% compared to last year.
Breakdown of Home Sale Times
65 Homes Were Sold
Under 30 Days
35 Homes Were Sold
In 30 - 90 Days
18 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 December 2024, 118 homes were sold in Northeast; 55% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
