$3,325 Closing Credit*
$280,000
748 SqFt
1 Bed
•1 Full Bath
Arielle N Nagia, Listing Office: Compass
Is U Street Corridor, 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, U Street Corridor was a Seller's Market.
Key Takeaway
U Street Corridor is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in U Street Corridor, DC
How much do homes in U Street Corridor, DC cost?
Median Sold Price
$650,000
$692/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$72,500(-10.0%)
Key Takeaway
Homes in U Street Corridor have sold for 10% less than they did a year ago.
Summary: The median home sold price in U Street Corridor was $650,000 in November 2024, down 10% from last year, and the median price per square foot was $692.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $456K | $538.5K | +18.1% |
| 2 Bedrooms | $779.7K | $715K | -8.3% |
| 3 Bedrooms | $1.0M | $1.0M | -1.4% |
| 4 Bedrooms | $1.0M | $1.1M | +7.4% |
| 5+ Bedrooms | - | - | N/A |
Summary: U Street Corridor housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.1%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Columbia Heights | $680K | $630K | -7.4% |
| U Street Corridor | $722.5K | $650K | -10.0% |
| Shaw | $930K | $835K | -10.2% |
Housing Supply in U Street Corridor, DC
How many homes are available in U Street Corridor, DC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 51 | 52 | +2.0% |
Summary: The U Street Corridor real estate market had 52 homes for sale in November 2024, a 2.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 11 | 0.0% |
| 2 Bedrooms | 26 | 24 | -7.7% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The U Street Corridor 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 decreased by 7.7%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
6 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 U Street Corridor, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in U Street Corridor in November 2024, down by 12.5% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.
Days on Market for U Street Corridor, DC
How long does it take to sell a home in U Street Corridor, DC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 65 Days | 76 Days | +16.9% |
Summary: Homes in U Street Corridor had an average of 76 days on market in Nov 2024, up by 16.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in U Street Corridor are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in U Street Corridor; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
