$10,000 Closing Credit*
$870,000
1,614 SqFt
3 Beds
•1 Full Bath, 2 Partial
Jacqueline Boykin, Listing Office: Samson Properties
Is Takoma / Brightwood / Manor Park, 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, Takoma / Brightwood / Manor Park was a Seller's Market.
Key Takeaway
Takoma / Brightwood / Manor Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Takoma / Brightwood / Manor Park, DC
How much do homes in Takoma / Brightwood / Manor Park, DC cost?
Median Sold Price
$700,000
$380/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$40,000(+6.1%)
Key Takeaway
Homes in Takoma / Brightwood / Manor Park have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in Takoma / Brightwood / Manor Park was $700,000 in November 2024, up 6.1% from last year, and the median price per square foot was $380.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220K | $379.5K | +72.5% |
| 2 Bedrooms | $510K | $492.4K | -3.4% |
| 3 Bedrooms | $660K | $665K | +0.8% |
| 4 Bedrooms | $750.7K | $783.7K | +4.4% |
| 5+ Bedrooms | $735K | $1.0M | +37.4% |
Summary: Takoma / Brightwood / Manor Park housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 72.5%, 2 bedroom homes decreased by 3.4%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 37.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Brightwood | $641.2K | $700K | +9.2% |
| Takoma / Brightwood / Manor Park | $660K | $700K | +6.1% |
| Manor Park | $725K | $660K | -9.0% |
Housing Supply in Takoma / Brightwood / Manor Park, DC
How many homes are available in Takoma / Brightwood / Manor Park, DC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 71 | 80 | +12.7% |
Summary: The Takoma / Brightwood / Manor Park real estate market had 80 homes for sale in November 2024, a 12.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 6 | +20.0% |
| 2 Bedrooms | 7 | 10 | +42.9% |
| 3 Bedrooms | 28 | 31 | +10.7% |
| 4 Bedrooms | 20 | 23 | +15.0% |
| 5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The Takoma / Brightwood / Manor Park housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 42.9%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 15%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Takoma / Brightwood / Manor Park, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Takoma / Brightwood / Manor Park in November 2024, the same as the previous month. Of the 7 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% were sold over asking.
Days on Market for Takoma / Brightwood / Manor Park, DC
How long does it take to sell a home in Takoma / Brightwood / Manor Park, DC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 29 Days | +31.1% |
Summary: Homes in Takoma / Brightwood / Manor Park had an average of 29 days on market in Nov 2024, up by 31.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Takoma / Brightwood / Manor Park are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Takoma / Brightwood / Manor Park; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
