$3,500,000
4,947 SqFt
6 Beds
•5 Full Baths, 1 Partial
William Fastow, Listing Office: TTR Sotheby's International Realty
Is Spring Valley, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Spring Valley was a Seller's Market.
Key Takeaway
Spring Valley is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Spring Valley, DC
How much do homes in Spring Valley, DC cost?
Median Sold Price
$2,310,000
$608/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$160,000(+7.4%)
Key Takeaway
Homes in Spring Valley have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in Spring Valley was $2,310,000 in September 2024, up 7.4% from last year, and the median price per square foot was $608.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $900K | - | N/A |
| 3 Bedrooms | $1.8M | - | N/A |
| 4 Bedrooms | $1.9M | $1.8M | -3.3% |
| 5+ Bedrooms | $2.7M | $2.9M | +9.0% |
Summary: Spring Valley housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes increased by 9%.
Median Sold Price Compared To Nearby Neighborhoods
| Kent | $1.8M | $2.4M | +32.3% |
| Spring Valley | $2.1M | $2.3M | +7.4% |
| Wesley Heights | $861K | $825K | -4.2% |
| Palisades / Wesley Heights / Foxhall Crescent / Foxhall Village / Georgetown Reservoir | $1.3M | $1.2M | -5.9% |
Housing Supply in Spring Valley, DC
How many homes are available in Spring Valley, DC?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 9 | 14 | +55.6% |
Summary: The Spring Valley real estate market had 14 homes for sale in September 2024, a 55.6% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 0 | 1 | +100.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 7 | 11 | +57.1% |
Summary: The Spring Valley housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 57.1%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spring Valley, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Spring Valley in September 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Spring Valley, DC
How long does it take to sell a home in Spring Valley, DC?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 89 Days | 20 Days | -77.5% |
Summary: Homes in Spring Valley had an average of 20 days on market in Sep 2024, down by 77.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Spring Valley are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 1 homes were sold in Spring Valley; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
