$10,000 Closing Credit*
$1,375,000
2,044 SqFt
2 Beds
•2 Full Baths, 1 Partial
Gregory W Gaddy, Listing Office: TTR Sotheby's International Realty
Is Wesley Heights, 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, Wesley Heights was a Seller's Market.
Key Takeaway
Wesley Heights is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Wesley Heights, DC
How much do homes in Wesley Heights, DC cost?
Median Sold Price
$735,000
$462/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$98,500(-11.8%)
Key Takeaway
Homes in Wesley Heights have sold for 11.8% less than they did a year ago.
Summary: The median home sold price in Wesley Heights was $735,000 in November 2024, down 11.8% from last year, and the median price per square foot was $462.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | $282K | -19.4% |
| 2 Bedrooms | $563K | $870K | +54.5% |
| 3 Bedrooms | $1.2M | $1.1M | -7.1% |
| 4 Bedrooms | $2.1M | $1.1M | -49.9% |
| 5+ Bedrooms | $3.1M | $4.9M | +54.5% |
Summary: Wesley Heights housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.4%, 2 bedroom homes increased by 54.5%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 49.9%, and 5+ bedroom homes increased by 54.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Palisades / Wesley Heights / Foxhall Crescent / Foxhall Village / Georgetown Reservoir | $1.3M | $1.2M | -3.8% |
| Wesley Heights | $833.5K | $735K | -11.8% |
Housing Supply in Wesley Heights, DC
How many homes are available in Wesley Heights, DC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 30 | -18.9% |
Summary: The Wesley Heights real estate market had 30 homes for sale in November 2024, a 18.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 12 | -14.3% |
| 2 Bedrooms | 12 | 12 | 0.0% |
| 3 Bedrooms | 5 | 2 | -60.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Wesley Heights housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 60%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 1 | -92.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Wesley Heights, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Wesley Heights in November 2024, down by 92.3% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Wesley Heights, DC
How long does it take to sell a home in Wesley Heights, DC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 74 Days | 6 Days | -91.9% |
Summary: Homes in Wesley Heights had an average of 6 days on market in Nov 2024, down by 91.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wesley Heights are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1 homes were sold in Wesley 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.
