$5,580 Closing Credit*
$469,900
1,719 SqFt
3 Beds
•2 Full Baths
Russell Brazil, Listing Office: RLAH @properties
Is Southeast, 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, Southeast was a Seller's Market.
Key Takeaway
Southeast is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Southeast, DC
How much do homes in Southeast, DC cost?
Median Sold Price
$506,031
$328/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$44,889(+9.7%)
Key Takeaway
Homes in Southeast have sold for 9.7% more than they did a year ago.
Summary: The median home sold price in Southeast was $506,031 in November 2024, up 9.7% from last year, and the median price per square foot was $328.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $361.2K | $349K | -3.4% |
| 2 Bedrooms | $411.6K | $461.3K | +12.1% |
| 3 Bedrooms | $458K | $499.9K | +9.2% |
| 4 Bedrooms | $548K | $589.9K | +7.6% |
| 5+ Bedrooms | $587.5K | $670K | +14.0% |
Summary: Southeast housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.4%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 14%.
Median Sold Price Compared To Nearby Neighborhoods
| Southeast | $461.1K | $506K | +9.7% |
| Fairlawn | $400K | $380K | -5.0% |
Housing Supply in Southeast, DC
How many homes are available in Southeast, DC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 565 | 588 | +4.1% |
Summary: The Southeast real estate market had 588 homes for sale in November 2024, a 4.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 78 | 73 | -6.4% |
| 2 Bedrooms | 169 | 192 | +13.6% |
| 3 Bedrooms | 190 | 185 | -2.6% |
| 4 Bedrooms | 94 | 103 | +9.6% |
| 5+ Bedrooms | 34 | 35 | +2.9% |
Summary: The Southeast housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 6.4%, 2 bedroom homes increased by 13.6%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 2.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 76 | 54 | -28.9% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southeast, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 54 homes were sold or pending in Southeast in November 2024, down by 28.9% month-over-month. Of the 54 sold homes, 44% were sold under asking, 33% were sold at asking, and 22% were sold over asking.
Days on Market for Southeast, DC
How long does it take to sell a home in Southeast, DC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 49 Days | +46.0% |
Summary: Homes in Southeast had an average of 49 days on market in Nov 2024, up by 46% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southeast are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 54 homes were sold in Southeast; 54% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
