$8,311 Closing Credit*
$699,900
1,595 SqFt
3 Beds
•3 Full Baths
John Peters, Listing Office: Compass
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 October 2023
At the same time last year, Woodridge / Fort Lincoln / Gateway was a Seller's 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
$550,000
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$122,500(-18.2%)
Key Takeaway
Homes in Woodridge / Fort Lincoln / Gateway have sold for 18.2% less than they did a year ago.
Summary: The median home sold price in Woodridge / Fort Lincoln / Gateway was $550,000 in October 2024, down 18.2% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $360K | - | N/A |
| 2 Bedrooms | $445.1K | $359K | -19.3% |
| 3 Bedrooms | $506K | $517.5K | +2.3% |
| 4 Bedrooms | $715K | $717.5K | 0.3% |
| 5+ Bedrooms | $909.7K | $775K | -14.8% |
Summary: Woodridge / Fort Lincoln / Gateway housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 19.3%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes decreased by 14.8%.
Housing Supply in Woodridge / Fort Lincoln / Gateway, DC
How many homes are available in Woodridge / Fort Lincoln / Gateway, DC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 50 | 60 | +20.0% |
Summary: The Woodridge / Fort Lincoln / Gateway real estate market had 60 homes for sale in October 2024, a 20.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 21 | 25 | +19.0% |
| 4 Bedrooms | 14 | 19 | +35.7% |
| 5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Woodridge / Fort Lincoln / Gateway housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 35.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were 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 4 homes were sold or pending in Woodridge / Fort Lincoln / Gateway in October 2024, down by 42.9% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 45 Days | +38.2% |
Summary: Homes in Woodridge / Fort Lincoln / Gateway had an average of 45 days on market in Oct 2024, up by 38.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 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 October 2024, 4 homes were sold in Woodridge / Fort Lincoln / Gateway; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
