$3,681 Closing Credit*
$310,000
888 SqFt
1 Bed
•1 Full Bath
Patricia Henryk, Listing Office: Pat Henryk Real Estate
Is Palisades / Wesley Heights / Foxhall Crescent / Foxhall Village / Georgetown Reservoir, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Palisades / Wesley Heights / Foxhall Crescent / Foxhall Village / Georgetown Reservoir has remained a Seller's Market.
Key Takeaway
Palisades / Wesley Heights / Foxhall Crescent / Foxhall Village / Georgetown Reservoir is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Palisades / Wesley Heights / Foxhall Crescent / Foxhall Village / Georgetown Reservoir, DC
How much do homes in Palisades / Wesley Heights / Foxhall Crescent / Foxhall Village / Georgetown Reservoir, DC cost?
Median Sold Price
$1,254,500
$544/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$100,500(-7.4%)
Key Takeaway
Homes in Palisades / Wesley Heights / Foxhall Crescent / Foxhall Village / Georgetown Reservoir have sold for 7.4% less than they did a year ago.
Summary: The median home sold price in Palisades / Wesley Heights / Foxhall Crescent / Foxhall Village / Georgetown Reservoir was $1,254,500 in October 2024, down 7.4% from last year, and the median price per square foot was $544.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $345K | $292.4K | -15.2% |
| 2 Bedrooms | $780K | $825K | +5.8% |
| 3 Bedrooms | $1.2M | $1.2M | +0.7% |
| 4 Bedrooms | $1.8M | $1.5M | -12.3% |
| 5+ Bedrooms | $2.8M | $3.0M | +6.1% |
Summary: Palisades / Wesley Heights / Foxhall Crescent / Foxhall Village / Georgetown Reservoir housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.2%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 12.3%, and 5+ bedroom homes increased by 6.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Kent | $1.8M | $2.4M | +31.0% |
| Palisades | $1.3M | $1.3M | -4.4% |
| Palisades / Wesley Heights / Foxhall Crescent / Foxhall Village / Georgetown Reservoir | $1.3M | $1.2M | -7.4% |
Housing Supply in Palisades / Wesley Heights / Foxhall Crescent / Foxhall Village / Georgetown Reservoir, DC
How many homes are available in Palisades / Wesley Heights / Foxhall Crescent / Foxhall Village / Georgetown Reservoir, DC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 83 | 104 | +25.3% |
Summary: The Palisades / Wesley Heights / Foxhall Crescent / Foxhall Village / Georgetown Reservoir real estate market had 104 homes for sale in October 2024, a 25.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 22 | 23 | +4.5% |
| 2 Bedrooms | 10 | 14 | +40.0% |
| 3 Bedrooms | 9 | 11 | +22.2% |
| 4 Bedrooms | 11 | 19 | +72.7% |
| 5+ Bedrooms | 31 | 37 | +19.4% |
Summary: The Palisades / Wesley Heights / Foxhall Crescent / Foxhall Village / Georgetown Reservoir housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.5%, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 72.7%, and 5+ bedroom homes increased by 19.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 25 | +212.5% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Palisades / Wesley Heights / Foxhall Crescent / Foxhall Village / Georgetown Reservoir, you may be able to get a good deal. 56% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in Palisades / Wesley Heights / Foxhall Crescent / Foxhall Village / Georgetown Reservoir in October 2024, up by 212.5% month-over-month. Of the 25 sold homes, 56% were sold under asking, 20% were sold at asking, and 24% were sold over asking.
Days on Market for Palisades / Wesley Heights / Foxhall Crescent / Foxhall Village / Georgetown Reservoir, DC
How long does it take to sell a home in Palisades / Wesley Heights / Foxhall Crescent / Foxhall Village / Georgetown Reservoir, DC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 53 Days | +130.7% |
Summary: Homes in Palisades / Wesley Heights / Foxhall Crescent / Foxhall Village / Georgetown Reservoir had an average of 53 days on market in Oct 2024, up by 130.7% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Palisades / Wesley Heights / Foxhall Crescent / Foxhall Village / Georgetown Reservoir are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 25 homes were sold in Palisades / Wesley Heights / Foxhall Crescent / Foxhall Village / Georgetown Reservoir; 52% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
