AREA REPORT
AREA REPORT Washington, DC
FULL MARKET SUMMARY January 2024 | All Property Types Month to Date
Year to Date
January 2024
January 2023
New Listings
870
1041
Sold Listings
345
Median List Price (Solds) Median Sold Price
YTD 2024
YTD 2023
-16.43%
870
1041
-16.43%
369
-6.5%
345
369
-6.5%
$615,000
$550,000
11.82%
$615,000
$550,000
11.82%
$605,000
$550,000
10%
$605,000
$550,000
10%
37
27
37.04%
37
27
37.04%
Average List Price (Solds)
$851,045
$803,072
5.97%
$851,045
$803,072
5.97%
Average Sold Price
$832,459
$784,645
6.09%
$832,459
$784,645
6.09%
52
40
30%
52
40
30%
98.3%
0.05%
98.3%
0.05%
Median Days on Market
Average Days on Market List/Sold Price Ratio
98.3%
SOLD AND NEW PROPERTIES (UNITS) January 2024 | All Property Types Sold Properties | Number of properties sold during the year New Properties | Number of properties listed during the year.
% Change
98.3%
% Change
MEDIAN SALES PRICE AND NUMBER OF SALES January 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 January 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 January 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 January 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 January 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 January 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 January 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 January 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 January 2024 | Single Family Homes Month to Date
Year to Date
January 2024
January 2023
New Listings
362
455
Sold Listings
186
Median List Price (Solds) Median Sold Price
YTD 2024
YTD 2023
-20.44%
362
455
-20.44%
195
-4.62%
186
195
-4.62%
$789,000
$730,000
8.08%
$789,000
$730,000
8.08%
$777,500
$715,000
8.74%
$777,500
$715,000
8.74%
35
25
40%
35
25
40%
Average List Price (Solds)
$1,087,232
$1,032,310
5.32%
$1,087,232
$1,032,310
5.32%
Average Sold Price
$1,059,175
$1,007,451
5.13%
$1,059,175
$1,007,451
5.13%
49
33
48.48%
49
33
48.48%
97.4%
0.48%
97.9%
97.4%
0.48%
Median Days on Market
Average Days on Market List/Sold Price Ratio
97.9%
SOLD AND NEW PROPERTIES (UNITS) January 2024 | Single Family Homes Sold Properties | Number of properties sold during the year New Properties | Number of properties listed during the year.
% Change
% Change
MEDIAN SALES PRICE AND NUMBER OF SALES January 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 January 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 January 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 January 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 January 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 January 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 January 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 January 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 January 2024 | Condo Month to Date
Year to Date
January 2024
January 2023
New Listings
457
530
Sold Listings
138
Median List Price (Solds) Median Sold Price
YTD 2024
YTD 2023
-13.77%
457
530
-13.77%
151
-8.61%
138
151
-8.61%
$499,900
$449,000
11.34%
$499,900
$449,000
11.34%
$494,950
$445,000
11.22%
$494,950
$445,000
11.22%
38
31
22.58%
38
31
22.58%
Average List Price (Solds)
$605,416
$537,081
12.72%
$605,416
$537,081
12.72%
Average Sold Price
$599,725
$527,721
13.64%
$599,725
$527,721
13.64%
57
45
26.67%
57
45
26.67%
99.5%
-0.38%
99.1%
99.5%
-0.38%
Median Days on Market
Average Days on Market List/Sold Price Ratio
99.1%
SOLD AND NEW PROPERTIES (UNITS) January 2024 | Condo Sold Properties | Number of properties sold during the year New Properties | Number of properties listed during the year.
% Change
% Change
MEDIAN SALES PRICE AND NUMBER OF SALES January 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 January 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 January 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 January 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 January 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 January 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 January 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 January 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 January 2024 | COOP Month to Date
Year to Date
January 2024
January 2023
New Listings
51
56
Sold Listings
21
Median List Price (Solds) Median Sold Price
YTD 2024
YTD 2023
-8.93%
51
56
-8.93%
23
-8.7%
21
23
-8.7%
$319,500
$450,000
-29%
$319,500
$450,000
-29%
$315,000
$450,000
-30%
$315,000
$450,000
-30%
37
52
-28.85%
37
52
-28.85%
Average List Price (Solds)
$373,242
$605,813
-38.39%
$373,242
$605,813
-38.39%
Average Sold Price
$353,803
$582,400
-39.25%
$353,803
$582,400
-39.25%
49
76
-35.53%
49
76
-35.53%
97.6%
-0.53%
97.1%
97.6%
-0.53%
Median Days on Market
Average Days on Market List/Sold Price Ratio
97.1%
SOLD AND NEW PROPERTIES (UNITS) January 2024 | COOP Sold Properties | Number of properties sold during the year New Properties | Number of properties listed during the year.
% Change
% Change
MEDIAN SALES PRICE AND NUMBER OF SALES January 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 January 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 January 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 January 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 January 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 January 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 January 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 January 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, but not be limited to, county records and the Multiple 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 and the Coldwell Banker logos are trademarks of Coldwell Banker Real Estate LLC. The Coldwell Banker® System is comprised of company owned offices which are owned by a subsidiary of Anywhere Advisors LLC and franchised offices which are independently owned and operated. The Coldwell Banker System fully supports the principles of the Fair Housing Act and the Equal Opportunity Act.