$5,047 Closing Credit*
$425,000
777 SqFt
1 Bed
•1 Full Bath
Joseph R DeFilippo IV, Listing Office: Compass
Is Sheridan-Kalorama, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Sheridan-Kalorama was a Seller's Market.
Key Takeaway
Sheridan-Kalorama is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Sheridan-Kalorama, DC
How much do homes in Sheridan-Kalorama, DC cost?
Median Sold Price
$1,385,000
$692/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$521,928(+60.5%)
Key Takeaway
Homes in Sheridan-Kalorama have sold for 60.5% more than they did a year ago.
Summary: The median home sold price in Sheridan-Kalorama was $1,385,000 in October 2024, up 60.5% from last year, and the median price per square foot was $692.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $395K | $420K | +6.3% |
| 2 Bedrooms | $755K | $759K | 0.5% |
| 3 Bedrooms | $1.9M | $1.3M | -28.2% |
| 4 Bedrooms | $2.2M | $3.2M | +46.6% |
| 5+ Bedrooms | $3.8M | $3.3M | -11.8% |
Summary: Sheridan-Kalorama housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 0.5%, 3 bedroom homes decreased by 28.2%, 4 bedroom homes increased by 46.6%, and 5+ bedroom homes decreased by 11.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Sheridan-Kalorama | $863K | $1.3M | +60.5% |
| Kalorama | $675K | $749.5K | +11.0% |
| Dupont Circle | $547.9K | $574.9K | +4.9% |
| Kalorama Triangle | $587K | $562K | -4.3% |
Housing Supply in Sheridan-Kalorama, DC
How many homes are available in Sheridan-Kalorama, DC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 28 | +21.7% |
Summary: The Sheridan-Kalorama real estate market had 28 homes for sale in October 2024, a 21.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 4 | 8 | +100.0% |
Summary: The Sheridan-Kalorama housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sheridan-Kalorama, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Sheridan-Kalorama in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Sheridan-Kalorama, DC
How long does it take to sell a home in Sheridan-Kalorama, DC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 37 Days | 32 Days | -11.7% |
Summary: Homes in Sheridan-Kalorama had an average of 32 days on market in Oct 2024, down by 11.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sheridan-Kalorama are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Sheridan-Kalorama; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
