Is Woodland / Fort Stanton / Garfield Heights / Knox Hill, DC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Woodland / Fort Stanton / Garfield Heights / Knox Hill is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Woodland / Fort Stanton / Garfield Heights / Knox Hill was a Seller's Market.

Key Takeaway

Woodland / Fort Stanton / Garfield Heights / Knox Hill is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Woodland / Fort Stanton / Garfield Heights / Knox Hill, DC

How much do homes in Woodland / Fort Stanton / Garfield Heights / Knox Hill, DC cost?

Median Sold Price

$325,000

$217/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$105,000(+47.7%)

Key Takeaway

Homes in Woodland / Fort Stanton / Garfield Heights / Knox Hill have sold for 47.7% more than they did a year ago.

Summary: The median home sold price in Woodland / Fort Stanton / Garfield Heights / Knox Hill was $325,000 in November 2024, up 47.7% from last year, and the median price per square foot was $217.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $81.7K$81K
-0.9%
2 $150K$155K
+3.3%
3 $400K$372.5K
-6.9%
4 $512.5K$512.2K
0%
5+ -$555K
N/A

Summary: Woodland / Fort Stanton / Garfield Heights / Knox Hill housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.9%, 2 bedroom homes increased by 3.3%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Woodland / Fort Stanton / Garfield Heights / Knox Hill, DC

How many homes are available in Woodland / Fort Stanton / Garfield Heights / Knox Hill, DC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2420-16.7%

Summary: The Woodland / Fort Stanton / Garfield Heights / Knox Hill real estate market had 20 homes for sale in November 2024, a 16.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 1112
+9.1%
3 106
-40.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Woodland / Fort Stanton / Garfield Heights / Knox Hill housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 9.1%, 3 bedroom homes decreased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
71-85.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Woodland / Fort Stanton / Garfield Heights / Knox Hill, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Woodland / Fort Stanton / Garfield Heights / Knox Hill in November 2024, down by 85.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Woodland / Fort Stanton / Garfield Heights / Knox Hill, DC

How long does it take to sell a home in Woodland / Fort Stanton / Garfield Heights / Knox Hill, DC?

Average Sale Time

Nov 2023Nov 2024CHANGE
61 Days26 Days-57.8%

Summary: Homes in Woodland / Fort Stanton / Garfield Heights / Knox Hill had an average of 26 days on market in Nov 2024, down by 57.8% 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Woodland / Fort Stanton / Garfield Heights / Knox Hill are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 1 homes were sold in Woodland / Fort Stanton / Garfield Heights / Knox Hill; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 25 Days Ago

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