$5,580 Closing Credit*
$469,900
1,719 SqFt
3 Beds
•2 Full Baths
Russell Brazil, Listing Office: RLAH @properties
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 November 2023
At the same time last year, River Terrace / Benning / Greenway / Fort Dupont was a Seller'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
$397,000
$281/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$2,900(-0.7%)
Key Takeaway
Homes in River Terrace / Benning / Greenway / Fort Dupont have sold for 0.7% less than they did a year ago.
Summary: The median home sold price in River Terrace / Benning / Greenway / Fort Dupont was $397,000 in November 2024, down 0.7% from last year, and the median price per square foot was $281.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65K | - | N/A |
| 2 Bedrooms | $349.9K | $330K | -5.7% |
| 3 Bedrooms | $425K | $399.9K | -5.9% |
| 4 Bedrooms | $480K | $480K | 0.0% |
| 5+ Bedrooms | $620K | $605K | -2.4% |
Summary: River Terrace / Benning / Greenway / Fort Dupont housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.7%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 2.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Benning Ridge | $400K | $400K | 0.0% |
| River Terrace / Benning / Greenway / Fort Dupont | $399.9K | $397K | -0.7% |
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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 72 | 65 | -9.7% |
Summary: The River Terrace / Benning / Greenway / Fort Dupont real estate market had 65 homes for sale in November 2024, a 9.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 34 | 29 | -14.7% |
| 3 Bedrooms | 27 | 23 | -14.8% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The River Terrace / Benning / Greenway / Fort Dupont 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 decreased by 14.7%, 3 bedroom homes decreased by 14.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were 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. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in River Terrace / Benning / Greenway / Fort Dupont in November 2024, down by 42.9% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 55 Days | 32 Days | -42.1% |
Summary: Homes in River Terrace / Benning / Greenway / Fort Dupont had an average of 32 days on market in Nov 2024, down by 42.1% compared to last year.
Breakdown of Home Sale Times
2 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 River Terrace / Benning / Greenway / Fort Dupont are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in River Terrace / Benning / Greenway / Fort Dupont; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
