$8,657 Closing Credit*
$729,000
1,875 SqFt
3 Beds
•2 Full Baths, 1 Partial
Benjamin R Puchalski, Listing Office: Compass
Is Petworth, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Petworth was a Seller's Market.
Key Takeaway
Petworth is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Petworth, DC
How much do homes in Petworth, DC cost?
Median Sold Price
$800,000
$446/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,000(+1.3%)
Key Takeaway
Homes in Petworth have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in Petworth was $800,000 in November 2024, up 1.3% from last year, and the median price per square foot was $446.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $294.5K | $302.5K | +2.7% |
| 2 Bedrooms | $581.2K | $490K | -15.7% |
| 3 Bedrooms | $762.5K | $747.5K | -2.0% |
| 4 Bedrooms | $960K | $975K | +1.6% |
| 5+ Bedrooms | $1.2M | $1.1M | -10.7% |
Summary: Petworth housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.7%, 2 bedroom homes decreased by 15.7%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes decreased by 10.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Brightwood Park | $595K | $650K | +9.2% |
| Petworth | $790K | $800K | +1.3% |
| Brightwood Park / Crestwood / Petworth / 16th Street Heights | $750.2K | $749.9K | 0% |
Housing Supply in Petworth, DC
How many homes are available in Petworth, DC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 67 | 72 | +7.5% |
Summary: The Petworth real estate market had 72 homes for sale in November 2024, a 7.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 12 | +9.1% |
| 3 Bedrooms | 27 | 26 | -3.7% |
| 4 Bedrooms | 19 | 20 | +5.3% |
| 5+ Bedrooms | 9 | 13 | +44.4% |
Summary: The Petworth housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.1%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 44.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 7 | -58.8% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Petworth, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Petworth in November 2024, down by 58.8% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.
Days on Market for Petworth, DC
How long does it take to sell a home in Petworth, DC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 57 Days | 27 Days | -52.1% |
Summary: Homes in Petworth had an average of 27 days on market in Nov 2024, down by 52.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Petworth are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Petworth; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
