$6,234 Closing Credit*
$525,000
1,151 SqFt
3 Beds
•2 Full Baths, 1 Partial
Kevin A Lee, Listing Office: Compass
Is University Heights, 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, University Heights was a Buyer's Market.
Key Takeaway
University Heights is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in University Heights, DC
How much do homes in University Heights, DC cost?
Median Sold Price
$501,000
$454/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$21,000(+4.4%)
Key Takeaway
Homes in University Heights have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in University Heights was $501,000 in October 2024, up 4.4% from last year, and the median price per square foot was $454.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $267K | $236K | -11.6% |
| 2 Bedrooms | $418K | $499.5K | +19.5% |
| 3 Bedrooms | $651.3K | $790K | +21.3% |
| 4 Bedrooms | $957K | $986.2K | +3.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: University Heights housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.6%, 2 bedroom homes increased by 19.5%, 3 bedroom homes increased by 21.3%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| University Heights | $480K | $501K | +4.4% |
| Brookland / Brentwood / Langdon | $649.5K | $622K | -4.2% |
| Brookland | $839K | $786K | -6.3% |
| Michigan Park / University Heights | $601K | $560K | -6.8% |
| North Michigan Park | $710K | $568K | -20.0% |
Housing Supply in University Heights, DC
How many homes are available in University Heights, DC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 14 | +100.0% |
Summary: The University Heights real estate market had 14 homes for sale in October 2024, a 100.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 3 | 6 | +100.0% |
| 3 Bedrooms | 3 | 5 | +66.7% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The University Heights 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 100%, 3 bedroom homes increased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in University Heights, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in University Heights in October 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for University Heights, DC
How long does it take to sell a home in University Heights, DC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 13 Days | -35.0% |
Summary: Homes in University Heights had an average of 13 days on market in Oct 2024, down by 35% compared to last year.
Breakdown of Home Sale Times
2 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 University Heights are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in University Heights; 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.
