$3,681 Closing Credit*
$310,000
888 SqFt
1 Bed
•1 Full Bath
Patricia Henryk, Listing Office: Pat Henryk Real Estate
Is Wesley Heights, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Wesley Heights has remained a Seller's Market.
Key Takeaway
Wesley Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wesley Heights, DC
How much do homes in Wesley Heights, DC cost?
Median Sold Price
$717,450
$445/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$207,550(-22.4%)
Key Takeaway
Homes in Wesley Heights have sold for 22.4% less than they did a year ago.
Summary: The median home sold price in Wesley Heights was $717,450 in October 2024, down 22.4% from last year, and the median price per square foot was $445.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | $293.5K | -16.1% |
| 2 Bedrooms | $575K | $827.5K | +43.9% |
| 3 Bedrooms | $1.2M | $1.1M | -4.7% |
| 4 Bedrooms | $2.1M | $1.1M | -49.9% |
| 5+ Bedrooms | $3.1M | $5.0M | +58.0% |
Summary: Wesley Heights housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.1%, 2 bedroom homes increased by 43.9%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes decreased by 49.9%, and 5+ bedroom homes increased by 58%.
Median Sold Price Compared To Nearby Neighborhoods
| Spring Valley | $2.2M | $2.2M | +0.8% |
| Palisades / Wesley Heights / Foxhall Crescent / Foxhall Village / Georgetown Reservoir | $1.3M | $1.2M | -7.4% |
| Wesley Heights | $925K | $717.4K | -22.4% |
Housing Supply in Wesley Heights, DC
How many homes are available in Wesley Heights, DC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 39 | +21.9% |
Summary: The Wesley Heights real estate market had 39 homes for sale in October 2024, a 21.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 15 | +15.4% |
| 2 Bedrooms | 9 | 12 | +33.3% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Wesley Heights housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.4%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 200%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 12 | +300.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wesley Heights, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Wesley Heights in October 2024, up by 300.0% month-over-month. Of the 12 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 62 Days | +94.6% |
Summary: Homes in Wesley Heights had an average of 62 days on market in Oct 2024, up by 94.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 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 October 2024, 12 homes were sold in Wesley Heights; 42% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
