$3,940,000
4,900 SqFt
7 Beds
•5 Full Baths, 1 Partial
Ryan K Tyndall, Listing Office: Compass
Is Spring Valley, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Spring Valley has remained a Seller's Market.
Key Takeaway
Spring Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Spring Valley, DC
How much do homes in Spring Valley, DC cost?
Median Sold Price
$3,500,000
$750/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$1,850,000(+112.1%)
Key Takeaway
Homes in Spring Valley have sold for 112.1% more than they did a month ago.
Summary: The median home sold price in Spring Valley was $3,500,000 in November 2024, up 112.1% from last month, and the median price per square foot was $750.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $1.6M | - | N/A |
| 4 Bedrooms | $1.5M | $2.6M | +65.1% |
| 5+ Bedrooms | $3.0M | $3.5M | +16.7% |
Summary: Spring Valley housing prices by bedroom type for November 2024 compared to the previous month: 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 increased by 65.1%, and 5+ bedroom homes increased by 16.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Spring Valley | $1.6M | $3.5M | +112.1% |
| Kent | $2.7M | $1.4M | -47.0% |
Housing Supply in Spring Valley, DC
How many homes are available in Spring Valley, DC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 14 | -6.7% |
Summary: The Spring Valley real estate market had 14 homes for sale in November 2024, a 6.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 0 | -100.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The Spring Valley housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 100%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Spring Valley, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Spring Valley in November 2024, up by 66.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 Days | 31 Days | +144.6% |
Summary: Homes in Spring Valley had an average of 31 days on market in Nov 2024, up by 144.6% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Spring Valley are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Spring Valley; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
