Is Ivy City / Arboretum / Trinidad / Carver Langston, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Ivy City / Arboretum / Trinidad / Carver Langston was a Seller's Market.
Key Takeaway
Ivy City / Arboretum / Trinidad / Carver Langston is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ivy City / Arboretum / Trinidad / Carver Langston, DC
How much do homes in Ivy City / Arboretum / Trinidad / Carver Langston, DC cost?
Median Sold Price
$535,000
$414/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Ivy City / Arboretum / Trinidad / Carver Langston have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in Ivy City / Arboretum / Trinidad / Carver Langston was $535,000 in May 2024, up 3.9% from last year, and the median price per square foot was $414.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $296.3K | $318.5K | +7.5% |
| 2 Bedrooms | $475K | $489.9K | +3.1% |
| 3 Bedrooms | $600K | $599.4K | -0.1% |
| 4 Bedrooms | $840K | $792K | -5.7% |
| 5+ Bedrooms | $745K | $900K | +20.8% |
Summary: Ivy City / Arboretum / Trinidad / Carver Langston housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.5%, 2 bedroom homes increased by 3.1%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes increased by 20.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Trinidad | $562.5K | $595K | +5.8% |
| Ivy City / Arboretum / Trinidad / Carver Langston | $515K | $535K | +3.9% |
| Carver Langston | $405K | $399K | -1.5% |
Housing Supply in Ivy City / Arboretum / Trinidad / Carver Langston, DC
How many homes are available in Ivy City / Arboretum / Trinidad / Carver Langston, DC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 145 | 175 | +20.7% |
Summary: The Ivy City / Arboretum / Trinidad / Carver Langston real estate market had 175 homes for sale in May 2024, a 20.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 26 | 32 | +23.1% |
| 2 Bedrooms | 48 | 61 | +27.1% |
| 3 Bedrooms | 45 | 52 | +15.6% |
| 4 Bedrooms | 22 | 25 | +13.6% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Ivy City / Arboretum / Trinidad / Carver Langston housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 23.1%, 2 bedroom homes increased by 27.1%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 7 | -46.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ivy City / Arboretum / Trinidad / Carver Langston, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Ivy City / Arboretum / Trinidad / Carver Langston in May 2024, down by 46.2% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.
Days on Market for Ivy City / Arboretum / Trinidad / Carver Langston, DC
How long does it take to sell a home in Ivy City / Arboretum / Trinidad / Carver Langston, DC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 58 Days | 39 Days | -31.8% |
Summary: Homes in Ivy City / Arboretum / Trinidad / Carver Langston had an average of 39 days on market in May 2024, down by 31.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Ivy City / Arboretum / Trinidad / Carver Langston are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Ivy City / Arboretum / Trinidad / Carver Langston; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
