$10,000 Closing Credit*
$1,195,000
1,350 SqFt
2 Beds
•2 Full Baths, 1 Partial
Nathan J Guggenheim, Listing Office: Washington Fine Properties, LLC
Is Shaw, 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, Shaw was a Seller's Market.
Key Takeaway
Shaw is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Shaw, DC
How much do homes in Shaw, DC cost?
Median Sold Price
$835,000
$635/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$95,000(-10.2%)
Key Takeaway
Homes in Shaw have sold for 10.2% less than they did a year ago.
Summary: The median home sold price in Shaw was $835,000 in November 2024, down 10.2% from last year, and the median price per square foot was $635.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $403.7K | $484.5K | +20.0% |
| 2 Bedrooms | $799.5K | $777.5K | -2.8% |
| 3 Bedrooms | $1.0M | $970K | -3.0% |
| 4 Bedrooms | $1.5M | $1.5M | -1.5% |
| 5+ Bedrooms | $1.7M | $1.5M | -11.6% |
Summary: Shaw housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20%, 2 bedroom homes decreased by 2.8%, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes decreased by 11.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Truxton Circle | $739K | $805K | +8.9% |
| Mount Vernon Square | $550K | $530K | -3.6% |
| U Street Corridor | $722.5K | $650K | -10.0% |
| Shaw | $930K | $835K | -10.2% |
Housing Supply in Shaw, DC
How many homes are available in Shaw, DC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 46 | 46 | 0.0% |
Summary: The Shaw real estate market had 46 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 18 | 20 | +11.1% |
| 3 Bedrooms | 11 | 8 | -27.3% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Shaw 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 11.1%, 3 bedroom homes decreased by 27.3%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 5 | -58.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Shaw, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Shaw in November 2024, down by 58.3% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Shaw, DC
How long does it take to sell a home in Shaw, DC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 42 Days | 65 Days | +55.7% |
Summary: Homes in Shaw had an average of 65 days on market in Nov 2024, up by 55.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Shaw are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Shaw; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
