$6,530 Closing Credit*
$549,900
952 SqFt
2 Beds
•1 Full Bath
Karen Richmond, Listing Office: K Realty
Is Douglas Park, VA 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, Douglas Park has remained a Seller's Market.
Key Takeaway
Douglas Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Douglas Park, VA
How much do homes in Douglas Park, VA cost?
Median Sold Price
$685,000
$446/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$46,100(-6.3%)
Key Takeaway
Homes in Douglas Park have sold for 6.3% less than they did a year ago.
Summary: The median home sold price in Douglas Park was $685,000 in October 2024, down 6.3% from last year, and the median price per square foot was $446.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $366K | $385K | +5.2% |
| 2 Bedrooms | $500K | $520K | +4.0% |
| 3 Bedrooms | $799.9K | $843.7K | +5.5% |
| 4 Bedrooms | $952.5K | $975K | +2.4% |
| 5+ Bedrooms | $1.3M | $1.3M | -1.2% |
Summary: Douglas Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.2%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes decreased by 1.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Barcroft | $857.5K | $890K | +3.8% |
| Nauck | $640K | $623.5K | -2.6% |
| Douglas Park | $731.1K | $685K | -6.3% |
Housing Supply in Douglas Park, VA
How many homes are available in Douglas Park, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 20 | +33.3% |
Summary: The Douglas Park real estate market had 20 homes for sale in October 2024, a 33.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 0 | -100.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 3 | 6 | +100.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Douglas Park housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Douglas Park, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Douglas Park in October 2024, the same as the previous month. Of the 5 sold homes, 0% were sold under asking, 20% were sold at asking, and 80% were sold over asking.
Days on Market for Douglas Park, VA
How long does it take to sell a home in Douglas Park, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 15 Days | -40.5% |
Summary: Homes in Douglas Park had an average of 15 days on market in Oct 2024, down by 40.5% 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 Douglas Park are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Douglas Park; 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.
