$10,000 Closing Credit*
$875,000
915 SqFt
2 Beds
•2 Full Baths
Lee Arrowood, Listing Office: Compass
Is Shaw, 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, Shaw has remained a Seller's Market.
Key Takeaway
Shaw is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Shaw, DC
How much do homes in Shaw, DC cost?
Median Sold Price
$822,500
$631/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$152,500(-15.6%)
Key Takeaway
Homes in Shaw have sold for 15.6% less than they did a year ago.
Summary: The median home sold price in Shaw was $822,500 in October 2024, down 15.6% from last year, and the median price per square foot was $631.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $428.2K | $460K | +7.4% |
| 2 Bedrooms | $804K | $775K | -3.6% |
| 3 Bedrooms | $1.0M | $960K | -5.7% |
| 4 Bedrooms | $1.7M | $1.4M | -14.7% |
| 5+ Bedrooms | $1.7M | $1.5M | -11.6% |
Summary: Shaw housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.4%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes decreased by 14.7%, and 5+ bedroom homes decreased by 11.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Truxton Circle | $739.5K | $805K | +8.9% |
| Mount Vernon Square | $544.9K | $535K | -1.8% |
| U Street Corridor | $722.5K | $634K | -12.2% |
| Shaw | $975K | $822.5K | -15.6% |
| LeDroit Park | $892K | $724.5K | -18.8% |
Housing Supply in Shaw, DC
How many homes are available in Shaw, DC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 52 | +23.8% |
Summary: The Shaw real estate market had 52 homes for sale in October 2024, a 23.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 7 | -22.2% |
| 2 Bedrooms | 15 | 21 | +40.0% |
| 3 Bedrooms | 13 | 13 | 0.0% |
| 4 Bedrooms | 5 | 10 | +100.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Shaw housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 22.2%, 2 bedroom homes increased by 40%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 11 | +120.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shaw, expect to pay close to the asking price. 54.5% of homes here sold near the asking price last month.
Summary: A total of 11 homes were sold or pending in Shaw in October 2024, up by 120.0% month-over-month. Of the 11 sold homes, 45% were sold under asking, 55% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 24 Days | -24.6% |
Summary: Homes in Shaw had an average of 24 days on market in Oct 2024, down by 24.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Shaw are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in Shaw; 73% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
