$9,995,000
6,950 SqFt
6 Beds
•6 Full Baths, 1 Partial
Robert Hryniewicki, 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 October 2023
Since last year, West Village has remained a Buyer'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
$1,770,000
$891/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$120,000(+7.3%)
Key Takeaway
Homes in West Village have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in West Village was $1,770,000 in October 2024, up 7.3% from last year, and the median price per square foot was $891.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $950K | $827.5K | -12.9% |
| 2 Bedrooms | $1.1M | $1.2M | +9.1% |
| 3 Bedrooms | $1.6M | $1.6M | +2.9% |
| 4 Bedrooms | $2.4M | $2.6M | +7.0% |
| 5+ Bedrooms | $2.4M | $2.8M | +13.3% |
Summary: West Village housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.9%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 13.3%.
Median Sold Price Compared To Nearby Neighborhoods
| East Village | $1.1M | $1.4M | +30.5% |
| Georgetown | $1.4M | $1.6M | +14.3% |
| Burleith / Hillandale | $1.7M | $1.8M | +7.9% |
| West Village | $1.6M | $1.7M | +7.3% |
Housing Supply in West Village, DC
How many homes are available in West Village, DC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 41 | 45 | +9.8% |
Summary: The West Village real estate market had 45 homes for sale in October 2024, a 9.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 7 | +40.0% |
| 2 Bedrooms | 14 | 15 | +7.1% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The West Village housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 7.1%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in West Village, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in West Village in October 2024, down by 37.5% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 136 Days | 16 Days | -88.1% |
Summary: Homes in West Village had an average of 16 days on market in Oct 2024, down by 88.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 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 October 2024, 5 homes were sold in West Village; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
