$10,000 Closing Credit*
$999,000
2,800 SqFt
4 Beds
•3 Full Baths, 1 Partial
Eric Halstrom, Listing Office: RE/MAX Allegiance
Is Trinidad, 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, Trinidad was a Seller's Market.
Key Takeaway
Trinidad is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Trinidad, DC
How much do homes in Trinidad, DC cost?
Median Sold Price
$599,920
$417/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$39,920(+7.1%)
Key Takeaway
Homes in Trinidad have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Trinidad was $599,920 in October 2024, up 7.1% from last year, and the median price per square foot was $417.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $312K | $262.4K | -15.9% |
| 2 Bedrooms | $499.5K | $477.5K | -4.4% |
| 3 Bedrooms | $630K | $608.4K | -3.4% |
| 4 Bedrooms | $862.5K | $809.4K | -6.2% |
| 5+ Bedrooms | $630K | $900K | +42.9% |
Summary: Trinidad housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.9%, 2 bedroom homes decreased by 4.4%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes decreased by 6.2%, and 5+ bedroom homes increased by 42.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Trinidad | $560K | $599.9K | +7.1% |
| Ivy City / Arboretum / Trinidad / Carver Langston | $510K | $544.9K | +6.9% |
| Carver Langston | $399.4K | $390K | -2.4% |
Housing Supply in Trinidad, DC
How many homes are available in Trinidad, DC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 77 | 95 | +23.4% |
Summary: The Trinidad real estate market had 95 homes for sale in October 2024, a 23.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 13 | 0.0% |
| 2 Bedrooms | 24 | 26 | +8.3% |
| 3 Bedrooms | 24 | 36 | +50.0% |
| 4 Bedrooms | 15 | 19 | +26.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Trinidad 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 increased by 8.3%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Trinidad, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Trinidad in October 2024, up by 20.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Trinidad, DC
How long does it take to sell a home in Trinidad, DC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 55 Days | +165.1% |
Summary: Homes in Trinidad had an average of 55 days on market in Oct 2024, up by 165.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Trinidad are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Trinidad; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
