$10,000 Closing Credit*
$1,295,000
1,014 SqFt
2 Beds
•1 Full Bath, 1 Partial
Matt Ackland, Listing Office: Washington Fine Properties, LLC
Is West Village, 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, West Village was a Seller's Market.
Key Takeaway
West Village is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in West Village, DC
How much do homes in West Village, DC cost?
Median Sold Price
$1,712,500
$901/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$12,500(+0.7%)
Key Takeaway
Homes in West Village have sold for 0.7% more than they did a year ago.
Summary: The median home sold price in West Village was $1,712,500 in November 2024, up 0.7% from last year, and the median price per square foot was $901.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $950K | $650K | -31.6% |
| 2 Bedrooms | $1.0M | $1.2M | +15.2% |
| 3 Bedrooms | $1.6M | $1.6M | +2.7% |
| 4 Bedrooms | $2.9M | $2.4M | -15.3% |
| 5+ Bedrooms | $2.5M | $2.9M | +12.6% |
Summary: West Village housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.6%, 2 bedroom homes increased by 15.2%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 15.3%, and 5+ bedroom homes increased by 12.6%.
Median Sold Price Compared To Nearby Neighborhoods
| East Village | $1.2M | $1.4M | +18.3% |
| Georgetown | $1.4M | $1.6M | +8.7% |
| West Village | $1.7M | $1.7M | +0.7% |
Housing Supply in West Village, DC
How many homes are available in West Village, DC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 39 | 46 | +17.9% |
Summary: The West Village real estate market had 46 homes for sale in November 2024, a 17.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 6 | -14.3% |
| 2 Bedrooms | 12 | 16 | +33.3% |
| 3 Bedrooms | 10 | 8 | -20.0% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 5 | 9 | +80.0% |
Summary: The West Village 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 increased by 33.3%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 80%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Village, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in West Village in November 2024, up by 20.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% were sold over asking.
Days on Market for West Village, DC
How long does it take to sell a home in West Village, DC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 31 Days | 70 Days | +121.7% |
Summary: Homes in West Village had an average of 70 days on market in Nov 2024, up by 121.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Village are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in West Village; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
