New - 2 hours on Rocket3D tour
$7,955 Closing Credit¹
#DCDC2184576, Desiree Blackstone, Listing Office: Urban Pace
Downtown Housing Market Report January 2025•District of Columbia County, District of Columbia
Housing Prices in Downtown, DC
How much do homes in Downtown, DC cost?
Housing Market Conditions
Is Downtown, DC a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Downtown is a Buyer's Market
Difference Since January 2024
At the same time last year, Downtown was a Seller's Market.
Insight
Downtown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Median Sold Price
$560,000$657/SqFt
-$80,000
-12.5%
Based on all homes sold in the last 12 months
Insight
Homes in Downtown have sold for 12.5% less than they did a year ago.
Summary: The median home sold price in Downtown was $560,000 in January 2025, down 12.5% from last year, and the median price per square foot was $657.
Median Sold Price By City
| City | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| Penn Quarter | $475K | $490K | +3.2% |
| Downtown / Chinatown / Penn Quarter / Mount Vernon Square | $540K | $535K | -0.9% |
| Downtown | $640K | $560K | -12.5% |
Median Sold Price By Bedrooms
| Beds | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $441K | $472.4K | +7.1% |
| 22 Bedrooms | $702.5K | $725K | +3.2% |
| 33 Bedrooms | - | - | N/A |
| 44 Bedrooms | - | $1.0M | N/A |
| 55+ Bedrooms | - | - | N/A |
Summary: Downtown housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes increased by +7.1%. The home price for 2 bedroom homes increased by +3.2%. The home price for 3 bedroom homes did not change. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.
Housing supply in Downtown, DC
How many homes are available in Downtown, DC?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 42Last MonthJan 2025 | ||
| 342 months agoDec 2024 | +23.5 % Change MoMDec – Jan |
Summary: The Downtown real estate market had 42 homes for sale in Jan 2025, a 23.5 % increase compared to Dec 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 3Last MonthJan 2025 | ||
| 52 months agoDec 2024 | -40.0 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 17 | 19 | +11.8% |
| 22 Bedrooms | 15 | 21 | +40.0% |
| 33 Bedrooms | 1 | 1 | 0.0% |
| 44 Bedrooms | 1 | 1 | 0.0% |
| 55+ Bedrooms | 0 | 0 | 0.0% |
Summary: Downtown housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +11.8%. The inventory for 2 bedroom homes increased by +40.0%. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Downtown, DC cost?
Over Asking Price0 Home
At Asking Price0 Home
Under Asking Price3 Homes
Insight
If you're buying a home in Downtown, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Downtown in January 2025, down by 40.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.
Days on Market for Downtown, DC
How long does it take to sell a home in Downtown, DC?
Breakdown of Home Sale Times
Under 30 Days1 Home
30 – 90 Days0 Home
Over 90 Days2 Homes
Insight
Most homes in Downtown are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During January 2025, 3 homes were sold in Downtown; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 234 DaysThis YearJan 2025 | ||
| 134 Days1 year agoJan 2024 | +74.4 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in Downtown had an average listing age of 234 days in Jan 2025, up by 74.4% compared to the previous year.
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Newest Listings in Downtown, DC
What homes are available in Downtown, DC?
New - 14 hours on Rocket
$3,266 Closing Credit¹
#DCDC2184506, Mary E. Warren, Listing Office: Taylor Properties
New - 3 days on Rocket
$4,749 Closing Credit¹
#DCDC2184230, Wendy Santantonio, Listing Office: Corcoran McEnearney
New - 3 days on Rocket
$6,221 Closing Credit¹
#DCDC2184198, Megan L Motherway, Listing Office: EXP Realty, LLC
New - 4 days on Rocket
$7,244 Closing Credit¹
#DCDC2176144, Sheila G Hazzan, Listing Office: Compass
New - 5 days on Rocket
$6,994 Closing Credit¹
#DCDC2183684, Karen A Kelly, Listing Office: Compass
New - 6 days on Rocket3D tour
$10,000 Closing Credit¹
#DCDC2175820, Andrew Riguzzi, Listing Office: Compass
New - 7 days on Rocket
$7,599 Closing Credit¹
#DCDC2180956, Frances E Castillo, Listing Office: RE/MAX Excellence Realty
$10,000 Closing Credit¹
#DCDC2177132, Matthew B McCormick, Listing Office: TTR Sotheby's International Realty
$8,134 Closing Credit¹
#DCDC2175988, Steve J Pflasterer, Listing Office: RE/MAX Allegiance
Backup offers
$8,193 Closing Credit¹
#DCDC2176030, Tianni L Craig, Listing Office: Compass
Backup offers3D tour
$6,163 Closing Credit¹
#DCDC2175352, David C Shotwell, Listing Office: Compass
Popular Cities with Homes for Sale in District of Columbia
MLS Disclaimers and Copyright
Based on information from BrightMLS, for the period 02/01/2023 - 02/01/2025
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/10/2025, 11:22:15 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.