AREA REPORT
APRIL 2024
AREA REPORT
Washington, DC
FULL MARKET SUMMARY
April 2024 | All Property Types
SOLD AND NEW PROPERTIES (UNITS)
April 2024 | All Property Types
Month to Date Year to Date April 2024 April 2023 % Change YTD 2024 YTD 2023 % Change New Listings 1148 1125 2.04% 4325 4392 -1.53% Sold Listings 553 634 -12.78% 1920 2167 -11.4% Median List Price (Solds) $714,900 $675,000 5.91% $649,000 $629,000 3.18% Median Sold Price $705,900 $676,500 4.35% $639,500 $620,000 3.15% Median Days on Market 13 12 8.33% 20 18 11.11% Average List Price (Solds) $868,809 $907,677 -4.28% $850,251 $845,229 0.59% Average Sold Price $862,960 $902,508 -4.38% $840,856 $834,727 0.73% Average Days on Market 35 28 25% 43 38 13.16% List/Sold Price Ratio 99.5% 99.5% 0.05% 99.1% 98.9% 0.18%
Sold
Properties| Number of properties sold during the year New Properties | Number of properties listed during the year.
MEDIAN SALES PRICE AND NUMBER OF SALES
April 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
April 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
April 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
April 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
April 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
April 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
April 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
April 2024 | All Property Types
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
April 2024 | Single Family Homes
SOLD AND NEW PROPERTIES (UNITS)
April 2024 | Single Family Homes
Sold Properties| Number of properties sold during the year New Properties | Number of properties listed during the year.
Month to Date Year to Date April 2024 April 2023 % Change YTD 2024 YTD 2023 % Change New Listings 543 510 6.47% 2043 1986 2.87% Sold Listings 291 325 -10.46% 1026 1085 -5.44% Median List Price (Solds) $879,000 $895,000 -1.79% $839,000 $849,000 -1.18% Median Sold Price $875,000 $887,500 -1.41% $829,500 $837,500 -0.96% Median Days on Market 11 11 0% 19 17 11.76% Average List Price (Solds) $1,097,441 $1,162,483 -5.6% $1,082,772 $1,086,153 -0.31% Average Sold Price $1,092,287 $1,154,131 -5.36% $1,070,324 $1,071,843 -0.14% Average Days on Market 31 26 19.23% 39 34 14.71% List/Sold Price Ratio 100.1% 99.5% 0.55% 99.2% 98.7% 0.5%
MEDIAN SALES PRICE AND NUMBER OF SALES
April 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
April 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
April 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
April 2024 | Single Family Homes
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
April 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
April 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
April 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
April 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
April 2024 | Condo
SOLD AND NEW PROPERTIES (UNITS)
April 2024 | Condo
Month to Date Year to Date April 2024 April 2023 % Change YTD 2024 YTD 2023 % Change New Listings 552 554 -0.36% 2070 2191 -5.52% Sold Listings 236 281 -16.01% 787 948 -16.98% Median List Price (Solds) $549,499 $535,000 2.71% $519,000 $489,950 5.93% Median Sold Price $547,450 $529,000 3.49% $515,000 $487,750 5.59% Median Days on Market 17 12 41.67% 22 17 29.41% Average List Price (Solds) $636,784 $658,435 -3.29% $606,875 $617,901 -1.78% Average Sold Price $630,117 $657,805 -4.21% $601,254 $612,119 -1.77% Average Days on Market 39 30 30% 46 39 17.95% List/Sold Price Ratio 99% 99.7% -0.73% 99.1% 99.4% -0.27%
Sold Properties| Number of properties sold during the year New Properties | Number of properties listed during the year.
MEDIAN SALES PRICE AND NUMBER OF SALES
April 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
April 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
April 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
April 2024 | Condo
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
April 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
April 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
April 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
April 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
April 2024 | COOP
SOLD AND NEW PROPERTIES (UNITS)
April 2024 | COOP
Month to Date Year to Date April 2024 April 2023 % Change YTD 2024 YTD 2023 % Change New Listings 53 61 -13.11% 212 215 -1.4% Sold Listings 26 28 -7.14% 107 134 -20.15% Median List Price (Solds) $373,500 $382,450 -2.34% $325,000 $399,900 -18.73% Median Sold Price $372,250 $367,500 1.29% $322,900 $399,900 -19.25% Median Days on Market 18 24 -25% 28 35 -20% Average List Price (Solds) $415,950 $451,423 -7.86% $410,731 $502,723 -18.3% Average Sold Price $409,769 $437,651 -6.37% $402,846 $489,671 -17.73% Average Days on Market 36 41 -12.2% 60 66 -9.09% List/Sold Price Ratio 98.4% 96.9% 1.51% 98.4% 97.7% 0.7%
Sold
properties sold
listed
Properties| Number of
during the year New Properties | Number of properties
during the year.
MEDIAN SALES PRICE AND NUMBER OF SALES
April 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
April 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
April 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
April 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
April 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
April 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
April 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
April 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.