$4,156 Closing Credit*
$350,000
938 SqFt
3 Beds
•1 Full Bath
Sherietta T Dunton, Listing Office: The Realty Shoppe LLC
Is Woodridge / Fort Lincoln / Gateway, 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, Woodridge / Fort Lincoln / Gateway was a Neutral Market.
Key Takeaway
Woodridge / Fort Lincoln / Gateway is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Woodridge / Fort Lincoln / Gateway, DC
How much do homes in Woodridge / Fort Lincoln / Gateway, DC cost?
Median Sold Price
$604,500
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$63,000(-9.4%)
Key Takeaway
Homes in Woodridge / Fort Lincoln / Gateway have sold for 9.4% less than they did a year ago.
Summary: The median home sold price in Woodridge / Fort Lincoln / Gateway was $604,500 in November 2024, down 9.4% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $360K | - | N/A |
| 2 Bedrooms | $431.2K | $359K | -16.7% |
| 3 Bedrooms | $498K | $525K | +5.4% |
| 4 Bedrooms | $728.7K | $727.5K | -0.2% |
| 5+ Bedrooms | $824.7K | $782.5K | -5.1% |
Summary: Woodridge / Fort Lincoln / Gateway housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 5.4%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes decreased by 5.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Northeast | $617.5K | $607.7K | -1.6% |
| Fort Lincoln | $558.7K | $525K | -6.0% |
| Woodridge / Fort Lincoln / Gateway | $667.5K | $604.5K | -9.4% |
Housing Supply in Woodridge / Fort Lincoln / Gateway, DC
How many homes are available in Woodridge / Fort Lincoln / Gateway, DC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 52 | 65 | +25.0% |
Summary: The Woodridge / Fort Lincoln / Gateway real estate market had 65 homes for sale in November 2024, a 25.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 22 | 32 | +45.5% |
| 4 Bedrooms | 16 | 16 | 0.0% |
| 5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Woodridge / Fort Lincoln / Gateway housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 45.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
3 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 Woodridge / Fort Lincoln / Gateway, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Woodridge / Fort Lincoln / Gateway in November 2024, up by 20.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Woodridge / Fort Lincoln / Gateway, DC
How long does it take to sell a home in Woodridge / Fort Lincoln / Gateway, DC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 47 Days | 50 Days | +6.9% |
Summary: Homes in Woodridge / Fort Lincoln / Gateway had an average of 50 days on market in Nov 2024, up by 6.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Woodridge / Fort Lincoln / Gateway has remained consistent over time.
Summary: During November 2024, 6 homes were sold in Woodridge / Fort Lincoln / Gateway; 17% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
