$10,000 Closing Credit*
$1,800,000
4,733 SqFt
9 Beds
•4 Full Baths, 1 Partial
Silvana P Dias
Is Petworth, 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, Petworth has remained a Seller's Market.
Key Takeaway
Petworth is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Petworth, DC
How much do homes in Petworth, DC cost?
Median Sold Price
$790,636
$443/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$4,895(-0.6%)
Key Takeaway
Homes in Petworth have sold for 0.6% less than they did a year ago.
Summary: The median home sold price in Petworth was $790,636 in October 2024, down 0.6% from last year, and the median price per square foot was $443.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $314K | $255K | -18.8% |
| 2 Bedrooms | $570K | $492.5K | -13.6% |
| 3 Bedrooms | $757.4K | $747.5K | -1.3% |
| 4 Bedrooms | $985K | $950K | -3.6% |
| 5+ Bedrooms | $1.3M | $1.0M | -17.1% |
Summary: Petworth housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.8%, 2 bedroom homes decreased by 13.6%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes decreased by 17.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Petworth | $795.5K | $790.6K | -0.6% |
| Brightwood Park / Crestwood / Petworth / 16th Street Heights | $753.6K | $741.2K | -1.6% |
| Brightwood Park | $622.4K | $604K | -3.0% |
Housing Supply in Petworth, DC
How many homes are available in Petworth, DC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 60 | 74 | +23.3% |
Summary: The Petworth real estate market had 74 homes for sale in October 2024, a 23.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 9 | 14 | +55.6% |
| 3 Bedrooms | 18 | 26 | +44.4% |
| 4 Bedrooms | 19 | 20 | +5.3% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The Petworth housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 55.6%, 3 bedroom homes increased by 44.4%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 17 | +88.9% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Petworth, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Petworth in October 2024, up by 88.9% month-over-month. Of the 17 sold homes, 47% were sold under asking, 35% were sold at asking, and 18% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 12 Days | 21 Days | +70.4% |
Summary: Homes in Petworth had an average of 21 days on market in Oct 2024, up by 70.4% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Petworth are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 17 homes were sold in Petworth; 71% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
