New - 2 days on Rocket
$5,938 Closing Credit¹
Lonnie Whitehead II, Listing Office: KW Metro Center
Southwest Housing Market Report December 2024•District of Columbia County, District of Columbia
Housing Prices in Southwest, DC
How much do homes in Southwest, DC cost?
Housing Market Conditions
Is Southwest, DC a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Southwest is a Neutral Market
Difference Since December 2023
At the same time last year, Southwest was a Seller's Market.
Insight
Southwest is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Median Sold Price
$449,900$445/SqFt
+$9,900
+2.3%
Based on all homes sold in the last 12 months
Insight
Homes in Southwest have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in Southwest was $449,900 in December 2024, up 2.3% from last year, and the median price per square foot was $445.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Southwest Waterfront / Fort McNair / Buzzard Point | $461.9K | $510K | +10.4% |
| Southwest | $440K | $449.9K | +2.3% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $340K | $313.5K | -7.8% |
| 22 Bedrooms | $492.5K | $558.7K | +13.5% |
| 33 Bedrooms | $458.5K | $561.9K | +22.6% |
| 44 Bedrooms | $1.0M | $935K | -14.3% |
| 55+ Bedrooms | $339.4K | $500K | +47.3% |
Summary: Southwest housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes decreased by -7.8%. The home price for 2 bedroom homes increased by +13.5%. The home price for 3 bedroom homes increased by +22.6%. The home price for 4 bedroom homes decreased by -14.3%. The home price for 5 bedroom homes increased by +47.3%.
Housing supply in Southwest, DC
How many homes are available in Southwest, DC?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 115Last MonthDec 2024 | ||
| 1072 months agoNov 2024 | +7.5 % Change MoMNov – Dec |
Summary: The Southwest real estate market had 115 homes for sale in Dec 2024, a 7.5 % increase compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 19Last MonthDec 2024 | ||
| 82 months agoNov 2024 | +137.5 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 35 | 44 | +25.7% |
| 22 Bedrooms | 42 | 42 | 0.0% |
| 33 Bedrooms | 19 | 18 | -5.3% |
| 44 Bedrooms | 11 | 11 | 0.0% |
| 55+ Bedrooms | 0 | 0 | 0.0% |
Summary: Southwest housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes increased by +25.7%. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -5.3%. 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 Southwest, DC cost?
Over Asking Price4 Homes
At Asking Price2 Homes
Under Asking Price13 Homes
Insight
If you're buying a home in Southwest, you may be able to get a good deal. 68.4% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Southwest in December 2024, up by 137.5% month-over-month. Of the 19 sold homes, 68% were sold under asking, 11% were sold at asking, and and 21% were sold over asking.
Days on Market for Southwest, DC
How long does it take to sell a home in Southwest, DC?
Breakdown of Home Sale Times
Under 30 Days5 Homes
30 – 90 Days8 Homes
Over 90 Days6 Homes
Insight
Avg time on Rocket Homes in Southwest has remained consistent over time.
Summary: During December 2024, 19 homes were sold in Southwest; 26% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 122 DaysThis YearDec 2024 | ||
| 37 Days1 year agoDec 2023 | +225.6 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Southwest had an average listing age of 122 days in Dec 2024, up by 225.6% compared to the previous year.
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Newest Listings in Southwest, DC
What homes are available in Southwest, DC?
New - 2 days on Rocket3D tour
$6,828 Closing Credit¹
Steven Dean, Listing Office: Compass
New - 2 days on Rocket
$5,938 Closing Credit¹
Jacqueline E Humenik, Listing Office: RE/MAX Realty Services
New - 4 days on Rocket
$5,878 Closing Credit¹
Leslie Jane Backoff, Listing Office: TTR Sotheby's International Realty
New - 6 days on Rocket
$3,859 Closing Credit¹
Carl V Allen, Listing Office: Murrell, Inc., REALTORS
$3,266 Closing Credit¹
Christopher Craddock, Listing Office: EXP Realty, LLC
$5,166 Closing Credit¹
Kristopher F. Nelson, Listing Office: Compass
$10,000 Closing Credit¹
Shannon M Hettinger, Listing Office: TTR Sotheby's International Realty
$5,759 Closing Credit¹
Amanda M Mills, Listing Office: Compass
$4,857 Closing Credit¹
Constance F Parker, Listing Office: Compass
$6,709 Closing Credit¹
Deirdre Jo Fricke, Listing Office: Compass
$5,414 Closing Credit¹
Andrew A Peers, 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 01/01/2023 - 01/01/2025
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: 1/27/2025, 1:55:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.