$3,990,000
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 October 2023
Since last year, 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
$2,217,500
$614/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$17,500(+0.8%)
Key Takeaway
Homes in Spring Valley have sold for 0.8% more than they did a year ago.
Summary: The median home sold price in Spring Valley was $2,217,500 in October 2024, up 0.8% from last year, and the median price per square foot was $614.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $900K | - | N/A |
| 3 Bedrooms | $1.8M | $1.6M | -8.7% |
| 4 Bedrooms | $1.9M | $1.8M | -6.0% |
| 5+ Bedrooms | $2.8M | $2.8M | +2.6% |
Summary: Spring Valley housing prices by bedroom type for October 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 decreased by 8.7%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes increased by 2.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Kent | $1.8M | $2.4M | +31.0% |
| American University Park | $1.4M | $1.5M | +7.6% |
| Spring Valley | $2.2M | $2.2M | +0.8% |
| Palisades / Wesley Heights / Foxhall Crescent / Foxhall Village / Georgetown Reservoir | $1.3M | $1.2M | -7.4% |
| Wesley Heights | $925K | $717.4K | -22.4% |
Housing Supply in Spring Valley, DC
How many homes are available in Spring Valley, DC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 15 | +7.1% |
Summary: The Spring Valley real estate market had 15 homes for sale in October 2024, a 7.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The Spring Valley housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
1 Home Was 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. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Spring Valley in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% 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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 0 Days | 13 Days | +2500.0% |
Summary: Homes in Spring Valley had an average of 13 days on market in Oct 2024, up by 2500% compared to last year.
Breakdown of Home Sale Times
3 Homes Were 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 October 2024, 3 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.
