$4,300,000
2,132 SqFt
3 Beds
•3 Full Baths, 1 Partial
Matthew B McCormick, Listing Office: TTR Sotheby's International Realty
Is Southwest Waterfront / Fort McNair / Buzzard Point, 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, Southwest Waterfront / Fort McNair / Buzzard Point was a Seller's Market.
Key Takeaway
Southwest Waterfront / Fort McNair / Buzzard Point is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Southwest Waterfront / Fort McNair / Buzzard Point, DC
How much do homes in Southwest Waterfront / Fort McNair / Buzzard Point, DC cost?
Median Sold Price
$520,000
$478/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$62,550(+13.7%)
Key Takeaway
Homes in Southwest Waterfront / Fort McNair / Buzzard Point have sold for 13.7% more than they did a year ago.
Summary: The median home sold price in Southwest Waterfront / Fort McNair / Buzzard Point was $520,000 in October 2024, up 13.7% from last year, and the median price per square foot was $478.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $340K | $320K | -5.9% |
| 2 Bedrooms | $513K | $615K | +19.9% |
| 3 Bedrooms | $725.4K | $727.5K | 0.3% |
| 4 Bedrooms | $1.1M | $1.0M | -14.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: Southwest Waterfront / Fort McNair / Buzzard Point housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.9%, 2 bedroom homes increased by 19.9%, 3 bedroom homes increased by 0.3%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Southwest Waterfront / Fort McNair / Buzzard Point | $457.4K | $520K | +13.7% |
| Southwest Waterfront | $446K | $485K | +8.7% |
Housing Supply in Southwest Waterfront / Fort McNair / Buzzard Point, DC
How many homes are available in Southwest Waterfront / Fort McNair / Buzzard Point, DC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 89 | 103 | +15.7% |
Summary: The Southwest Waterfront / Fort McNair / Buzzard Point real estate market had 103 homes for sale in October 2024, a 15.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 36 | 41 | +13.9% |
| 2 Bedrooms | 38 | 46 | +21.1% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Southwest Waterfront / Fort McNair / Buzzard Point housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13.9%, 2 bedroom homes increased by 21.1%, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 14 | +133.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southwest Waterfront / Fort McNair / Buzzard Point, you may be able to get a good deal. 78.6% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Southwest Waterfront / Fort McNair / Buzzard Point in October 2024, up by 133.3% month-over-month. Of the 14 sold homes, 79% were sold under asking, 7% were sold at asking, and 14% were sold over asking.
Days on Market for Southwest Waterfront / Fort McNair / Buzzard Point, DC
How long does it take to sell a home in Southwest Waterfront / Fort McNair / Buzzard Point, DC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 36 Days | 91 Days | +155.4% |
Summary: Homes in Southwest Waterfront / Fort McNair / Buzzard Point had an average of 91 days on market in Oct 2024, up by 155.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southwest Waterfront / Fort McNair / Buzzard Point are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 14 homes were sold in Southwest Waterfront / Fort McNair / Buzzard Point; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
