November 2024 Area Report

AREA REPORT NOVEMBER 2024

MARIN HAGEN Direct: 202-471-5256 mhagen@cbmove.com hagenbergstrom.com

AREA REPORT WASHINGTON, DC

FULL MARKET SUMMARY November 2024 | Single Family Homes Month to Date

Year to Date

November 2024

November 2023

New Listings

259

347

Sold Listings

246

Median List Price (Solds) Median Sold Price

YTD 2024

YTD 2023

-25.36%

5559

5246

5.97%

243

1.23%

3050

3146

-3.05%

$973,750

$850,000

14.56%

$900,000

$850,000

5.88%

$960,000

$849,900

12.95%

$906,500

$850,000

6.65%

22

22

0%

17

16

6.25%

Average List Price (Solds)

$1,214,913

$1,077,391

12.76%

$1,169,138

$1,087,071

7.55%

Average Sold Price

$1,199,825

$1,058,737

13.33%

$1,158,298

$1,077,975

7.45%

45

38

18.42%

37

32

15.63%

98.8%

0.04%

99.3%

99.3%

-0.01%

Median Days on Market

Average Days on Market List/Sold Price Ratio

98.8%

SOLD AND NEW PROPERTIES (UNITS) November 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 November 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 November 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 November 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 November 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 November 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 November 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 November 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 November 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 November 2024 | Condo Month to Date

Year to Date

November 2024

November 2023

New Listings

325

327

Sold Listings

179

Median List Price (Solds) Median Sold Price

YTD 2024

YTD 2023

-0.61%

5702

5471

4.22%

198

-9.6%

2354

2863

-17.78%

$489,000

$522,450

-6.4%

$499,945

$499,900

0.01%

$489,000

$526,000

-7.03%

$505,000

$499,900

1.02%

24

22

9.09%

21

17

23.53%

Average List Price (Solds)

$579,225

$590,486

-1.91%

$600,898

$605,954

-0.83%

Average Sold Price

$569,813

$584,264

-2.47%

$594,822

$600,436

-0.93%

39

37

5.41%

44

36

22.22%

99%

0.08%

99.1%

99.4%

-0.26%

Median Days on Market

Average Days on Market List/Sold Price Ratio

99.1%

SOLD AND NEW PROPERTIES (UNITS) November 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 November 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 November 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 November 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 November 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 November 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 November 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 November 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 November 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, DC

FULL MARKET SUMMARY November 2024 | All Property Types Month to Date

Year to Date

November 2024

November 2023

New Listings

618

705

Sold Listings

448

Median List Price (Solds) Median Sold Price

YTD 2024

YTD 2023

-12.34%

11859

11313

4.83%

469

-4.48%

5737

6418

-10.61%

$705,000

$649,000

8.63%

$669,900

$639,000

4.84%

$699,000

$635,000

10.08%

$664,000

$630,000

5.4%

24

22

9.09%

19

17

11.76%

Average List Price (Solds)

$924,848

$840,844

9.99%

$895,748

$833,656

7.45%

Average Sold Price

$912,131

$828,023

10.16%

$886,946

$826,045

7.37%

43

38

13.16%

41

35

17.14%

98.8%

0.07%

99.2%

99.2%

-0.09%

Median Days on Market

Average Days on Market List/Sold Price Ratio

98.9%

SOLD AND NEW PROPERTIES (UNITS) November 2024 | All Property Types 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 November 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 November 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 November 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 November 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 November 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 November 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 November 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 November 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, D.C. COUNTY

FULL MARKET SUMMARY November 2024 | COOP Month to Date

Year to Date

November 2024

November 2023

New Listings

34

31

Sold Listings

23

Median List Price (Solds) Median Sold Price

YTD 2024

YTD 2023

9.68%

598

596

0.34%

28

-17.86%

333

409

-18.58%

$339,000

$399,900

-15.23%

$360,000

$379,000

-5.01%

$337,500

$395,000

-14.56%

$355,000

$375,000

-5.33%

49

13

276.92%

26

23

13.04%

Average List Price (Solds)

$512,256

$558,342

-8.25%

$476,046

$478,313

-0.47%

Average Sold Price

$499,178

$549,482

-9.15%

$466,642

$467,482

-0.18%

59

51

15.69%

52

56

-7.14%

97.9%

0.2%

98.3%

98%

0.34%

Median Days on Market

Average Days on Market List/Sold Price Ratio

98.1%

SOLD AND NEW PROPERTIES (UNITS) November 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 November 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 November 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 November 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 November 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 November 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 November 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 November 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 November 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.