$7,422 Closing Credit*
$625,000
2,800 SqFt
Henry S Purcell, Listing Office: Long & Foster Real Estate, Inc.
Is River Terrace / Benning / Greenway / Fort Dupont, 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, River Terrace / Benning / Greenway / Fort Dupont has remained a Buyer's Market.
Key Takeaway
River Terrace / Benning / Greenway / Fort Dupont is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in River Terrace / Benning / Greenway / Fort Dupont, DC
How much do homes in River Terrace / Benning / Greenway / Fort Dupont, DC cost?
Median Sold Price
$399,994
$292/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$5(0%)
Key Takeaway
The sold price of homes in River Terrace / Benning / Greenway / Fort Dupont has remained the same since last year.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65K | - | N/A |
| 2 Bedrooms | $362.5K | $345K | -4.8% |
| 3 Bedrooms | $435K | $400K | -8.0% |
| 4 Bedrooms | $486.5K | $480K | -1.3% |
| 5+ Bedrooms | $570K | $640K | +12.3% |
Summary: River Terrace / Benning / Greenway / Fort Dupont housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.8%, 3 bedroom homes decreased by 8%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 12.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Benning Ridge | $402.5K | $406.5K | +1.0% |
| River Terrace / Benning / Greenway / Fort Dupont | $400K | $399.9K | 0% |
Housing Supply in River Terrace / Benning / Greenway / Fort Dupont, DC
How many homes are available in River Terrace / Benning / Greenway / Fort Dupont, DC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 67 | 85 | +26.9% |
Summary: The River Terrace / Benning / Greenway / Fort Dupont real estate market had 85 homes for sale in October 2024, a 26.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 31 | 39 | +25.8% |
| 3 Bedrooms | 22 | 31 | +40.9% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The River Terrace / Benning / Greenway / Fort Dupont housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 25.8%, 3 bedroom homes increased by 40.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in River Terrace / Benning / Greenway / Fort Dupont, 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 River Terrace / Benning / Greenway / Fort Dupont in October 2024, up by 40.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for River Terrace / Benning / Greenway / Fort Dupont, DC
How long does it take to sell a home in River Terrace / Benning / Greenway / Fort Dupont, DC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 68 Days | +134.5% |
Summary: Homes in River Terrace / Benning / Greenway / Fort Dupont had an average of 68 days on market in Oct 2024, up by 134.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in River Terrace / Benning / Greenway / Fort Dupont are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in River Terrace / Benning / Greenway / Fort Dupont; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
