AREA REPORT
AREA REPORT
Washington, DC
FULL MARKET SUMMARY
2024 | All Property Types
SOLD AND NEW PROPERTIES (UNITS)
March 2024 | All Property Types
Sold Properties| Number of properties sold during the year
New Properties | Number of properties listed during the year.
March
Month to Date Year to Date March 2024 March 2023 % Change YTD 2024 YTD 2023 % Change New Listings 1034 1305 -20.77% 2996 3267 -8.3% Sold Listings 503 634 -20.66% 1347 1533 -12.13% Median List Price (Solds) $649,000 $639,000 1.56% $615,000 $599,999 2.5% Median Sold Price $643,000 $632,500 1.66% $610,000 $600,000 1.67% Median Days on Market 17 17 0% 24 22 9.09% Average List Price (Solds) $882,820 $806,883 9.41% $843,916 $819,402 2.99% Average Sold Price $876,886 $801,692 9.38% $833,087 $806,695 3.27% Average Days on Market 39 41 -4.88% 47 43 9.3% List/Sold Price Ratio 99.6% 99.4% 0.23% 99% 98.7% 0.25%
MEDIAN SALES PRICE AND NUMBER OF SALES
March 2024 | All Property Types
Median Sales Price | Price of the ""middle"" property sold -an equal number of sales were above and below this price. Number of Sales | Number of properties sold.
AVERAGE SALES PRICE AND AVERAGE DAYS ON MARKET
March 2024 | All Property Types
Average
Sales Price| Average sales price for all properties sold. Average Days on Market | Average days on market for all properties sold.
SALES PRICE AS A PERCENTAGE OF ORIGINAL PRICE
March 2024 | All Property Types
Sale Price as a Percentage of Original Price| Average sale price of property as percentage of final list price.
AVERAGE SALES PRICE AND NUMBER OF PROPERTIES FOR SALE
March 2024 | All Property Types Average
Sales Price| Average sales price for all properties sold. Properties for Sale | Number of properties listed for sale at the end of month.
PROPERTIES FOR SALE AND SOLD PROPERTIES
March 2024 | All Property Types
Properties for Sale | Number of properties listed for sale at the end of month.
Sold Properties| Number of properties sold.
AVERAGE ASKING/SOLD/UNSOLD PRICE
March 2024 | All Property Types
Asking Price | the average asking price of sold properties
Sold Price | the average selling price
Unsold Price| the average active list price
ABSORPTION RATE
March 2024 | All Property Types
Absorption Rate | Looks at the past year's monthly supply of inventory. In a normal market there should be a 6 month supply. The higher the rate above 6 the more aggressive a seller has to be with the competition; price and having a picture perfect property.
MONTHS SUPPLY OF INVENTORY
March 2024 | All Property Types
Supply of Inventory | Properties for sale divided by number of properties sold. Units Listed | Number of properties listed for sale at the end of month. Units Sold| Number of properties sold.
Months
AREA REPORT
WASHINGTON, DC
FULL MARKET SUMMARY
SOLD AND NEW PROPERTIES (UNITS)
March 2024 | Single Family Homes
Sold Properties| Number of properties sold during the year
New Properties | Number of properties listed during the year.
March
Month to Date Year to Date March 2024 March 2023 % Change YTD 2024 YTD 2023 % Change New Listings 487 606 -19.64% 1400 1476 -5.15% Sold Listings 269 312 -13.78% 727 760 -4.34% Median List Price (Solds) $895,000 $824,950 8.49% $799,000 $815,000 -1.96% Median Sold Price $877,500 $825,000 6.36% $799,900 $805,000 -0.63% Median Days on Market 14 17 -17.65% 22 21 4.76% Average List Price (Solds) $1,156,748 $1,054,636 9.68% $1,077,902 $1,053,512 2.32% Average Sold Price $1,148,326 $1,048,436 9.53% $1,062,279 $1,036,653 2.47% Average Days on Market 35 37 -5.41% 42 38 10.53% List/Sold Price Ratio 99.7% 99.4% 0.28% 98.9% 98.3% 0.52%
2024 | Single Family Homes
MEDIAN SALES PRICE AND NUMBER OF SALES
March 2024 | Single Family Homes
Median Sales Price | Price of the ""middle"" property sold -an equal number of sales were above and below this price. Number of Sales | Number of properties sold.
AVERAGE SALES PRICE AND AVERAGE DAYS ON MARKET
March 2024 | Single Family Homes
Average Sales Price| Average sales price for all properties sold. Average Days on Market | Average days on market for all properties sold.
SALES PRICE AS A PERCENTAGE OF ORIGINAL PRICE
March 2024 | Single Family Homes
Sale Price as a Percentage of Original Price| Average sale price of property as percentage of final list price.
AVERAGE SALES PRICE AND NUMBER OF PROPERTIES FOR SALE
March 2024 | Single Family Homes
Sales Price| Average sales price for all properties sold. Properties for Sale | Number of properties listed for sale at the end of month.
Average
PROPERTIES FOR SALE AND SOLD PROPERTIES
March 2024 | Single Family Homes
Properties for Sale | Number of properties listed for sale at the end of month.
Sold Properties| Number of properties sold.
AVERAGE ASKING/SOLD/UNSOLD PRICE
March 2024 | Single Family Homes
Asking Price | the average asking price of sold properties
Sold Price | the average selling price
Unsold Price| the average active list price
ABSORPTION RATE
March 2024 | Single Family Homes
Absorption Rate | Looks at the past year's monthly supply of inventory. In a normal market there should be a 6 month supply. The higher the rate above 6 the more aggressive a seller has to be with the competition; price and having a picture perfect property.
MONTHS SUPPLY OF INVENTORY
March
2024 | Single Family Homes Months Supply of Inventory | Properties for sale divided by number of properties sold. Units Listed | Number of properties listed for sale at the end of month. Units Sold| Number of properties sold.
AREA REPORT
WASHINGTON, DC
FULL MARKET SUMMARY
2024 | Condo
SOLD AND NEW PROPERTIES (UNITS)
March 2024 | Condo
Sold Properties| Number of properties sold during the year
New Properties | Number of properties listed during the year.
March
Month to Date Year to Date March 2024 March 2023 % Change YTD 2024 YTD 2023 % Change New Listings 498 643 -22.55% 1452 1637 -11.3% Sold Listings 210 270 -22.22% 542 667 -18.74% Median List Price (Solds) $499,000 $478,450 4.3% $499,900 $475,000 5.24% Median Sold Price $498,500 $475,000 4.95% $500,000 $470,000 6.38% Median Days on Market 17 17 0% 25 21 19.05% Average List Price (Solds) $587,263 $588,483 -0.21% $592,178 $600,824 -1.44% Average Sold Price $583,799 $584,799 -0.17% $587,452 $592,872 -0.91% Average Days on Market 43 40 7.5% 51 43 18.6% List/Sold Price Ratio 99.4% 99.4% -0.07% 99.2% 99.3% -0.06%
MEDIAN SALES PRICE AND NUMBER OF SALES
March 2024 | Condo
Median Sales Price | Price of the ""middle"" property sold -an equal number of sales were above and below this price. Number of Sales | Number of properties sold.
AVERAGE SALES PRICE AND AVERAGE DAYS ON MARKET
March 2024 | Condo
Average Sales Price| Average sales price for all properties sold. Average Days on Market | Average days on market for all properties sold.
SALES PRICE AS A PERCENTAGE OF ORIGINAL PRICE
March 2024 | Condo
Sale Price as a Percentage of Original Price| Average sale price of property as percentage of final list price.
AVERAGE SALES PRICE AND NUMBER OF PROPERTIES FOR SALE
March 2024 | Condo
for Sale
of
for sale at the end of month.
Average Sales Price| Average sales price for all properties sold. Properties
| Number
properties listed
PROPERTIES FOR SALE AND SOLD PROPERTIES
March 2024 | Condo
Properties for Sale | Number of properties listed for sale at the end of month.
Sold Properties| Number of properties sold.
AVERAGE ASKING/SOLD/UNSOLD PRICE
March 2024 | Condo
Asking Price | the average asking price of sold properties
Sold Price | the average selling price
Unsold Price| the average active list price
ABSORPTION RATE
March 2024 | Condo
Absorption Rate | Looks at the past year's monthly supply of inventory. In a normal market there should be a 6 month supply. The higher the rate above 6 the more aggressive a seller has to be with the competition; price and having a picture perfect property.
MONTHS SUPPLY OF INVENTORY
March 2024 | Condo Months
Supply of Inventory | Properties for sale divided by number of properties sold. Units Listed | Number of properties listed for sale at the end of month. Units Sold| Number of properties sold.
AREA REPORT
WASHINGTON, D.C. COUNTY
FULL MARKET SUMMARY
SOLD AND NEW PROPERTIES (UNITS)
March 2024 | COOP
Sold Properties| Number of properties sold during the year
New Properties | Number of properties listed during the year.
March
Month to Date Year to Date March 2024 March 2023 % Change YTD 2024 YTD 2023 % Change New Listings 49 56 -12.5% 144 154 -6.49% Sold Listings 24 52 -53.85% 78 106 -26.42% Median List Price (Solds) $320,000 $377,450 -15.22% $304,500 $407,500 -25.28% Median Sold Price $308,500 $372,500 -17.18% $302,500 $405,499 -25.4% Median Days on Market 29 26 11.54% 33 40 -17.5% Average List Price (Solds) $398,675 $454,369 -12.26% $412,300 $516,274 -20.14% Average Sold Price $399,020 $447,402 -10.81% $403,750 $503,412 -19.8% Average Days on Market 61 73 -16.44% 69 73 -5.48% List/Sold Price Ratio 100.1% 98.4% 1.67% 98.4% 97.9% 0.56%
2024 | COOP
MEDIAN SALES PRICE AND NUMBER OF SALES
March 2024 | COOP
Median Sales Price | Price of the ""middle"" property sold -an equal number of sales were above and below this price. Number of Sales | Number of properties sold.
AVERAGE SALES PRICE AND AVERAGE DAYS ON MARKET
March 2024 | COOP
Average Sales Price| Average sales price for all properties sold.
Average Days on Market | Average days on market for all properties sold.
SALES PRICE AS A PERCENTAGE OF ORIGINAL PRICE
March 2024 | COOP
Sale Price as a Percentage of Original Price| Average sale price of property as percentage of final list price.
AVERAGE SALES PRICE AND NUMBER OF PROPERTIES FOR SALE
March 2024 | COOP
Average Sales Price| Average sales price for all properties sold. Properties for Sale | Number of properties listed for sale at the end of month.
PROPERTIES FOR SALE AND SOLD PROPERTIES
March 2024 | COOP
Properties for Sale | Number of properties listed for sale at the end of month.
Sold Properties| Number of properties sold.
AVERAGE ASKING/SOLD/UNSOLD PRICE
March 2024 | COOP
Asking Price | the average asking price of sold properties
Sold Price | the average selling price
Unsold Price| the average active list price
ABSORPTION RATE
March 2024 | COOP
Absorption Rate | Looks at the past year's monthly supply of inventory. In a normal market there should be a 6 month supply. The higher the rate above 6 the more aggressive a seller has to be with the competition; price and having a picture perfect property.
MONTHS SUPPLY OF INVENTORY
March 2024 | COOP Months
Supply of Inventory | Properties for sale divided by number of properties sold. Units Listed | Number of properties listed for sale at the end of month. Units Sold| Number of properties sold.
The property information herein is derived from various sources that may include, butnotbelimited to,countyrecords andtheMultiple Listing Service, and it may include approximations. Although the information is believed to be accurate, it is not warranted and you should not rely upon it without personal verification. ©2024 Coldwell Banker. All Rights Reserved. Coldwell Banker andtheColdwell Banker logosare trademarks ofColdwell Banker Real Estate LLC. The Coldwell Banker® System is comprised of company owned offices which are ownedby asubsidiary ofAnywhere AdvisorsLLC and franchised offices which are independently owned and operated. The Coldwell Banker System fully supportstheprinciplesoftheFair HousingAct and the Equal Opportunity Act.