$10,000 Closing Credit*
$2,295,000
3,200 SqFt
4 Beds
•4 Full Baths, 1 Partial
Jennifer S Smira, 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 October 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
$634,000
$690/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$88,500(-12.2%)
Key Takeaway
Homes in U Street Corridor have sold for 12.2% less than they did a year ago.
Summary: The median home sold price in U Street Corridor was $634,000 in October 2024, down 12.2% from last year, and the median price per square foot was $690.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $450K | $539K | +19.8% |
| 2 Bedrooms | $772.5K | $754K | -2.4% |
| 3 Bedrooms | $1.0M | $1.0M | -5.1% |
| 4 Bedrooms | $1.0M | $1.1M | +7.4% |
| 5+ Bedrooms | - | - | N/A |
Summary: U Street Corridor housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.8%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Columbia Heights | $675K | $635K | -5.9% |
| Pleasant Plains / LeDroit Park | $738.1K | $657.5K | -10.9% |
| U Street Corridor | $722.5K | $634K | -12.2% |
| Shaw | $975K | $822.5K | -15.6% |
Housing Supply in U Street Corridor, DC
How many homes are available in U Street Corridor, DC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 45 | 63 | +40.0% |
Summary: The U Street Corridor real estate market had 63 homes for sale in October 2024, a 40.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 14 | +100.0% |
| 2 Bedrooms | 25 | 31 | +24.0% |
| 3 Bedrooms | 6 | 10 | +66.7% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The U Street Corridor housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 24%, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 8 | +300.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 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. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in U Street Corridor in October 2024, up by 300.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 6 Days | 18 Days | +192.2% |
Summary: Homes in U Street Corridor had an average of 18 days on market in Oct 2024, up by 192.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were 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 October 2024, 8 homes were sold in U Street Corridor; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
