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FOCUS ON: ADAMS MORGAN AND U STREET HOUSING MARKET |
JUNE 2025 |
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Zip Code(s): 20009 |
Units Sold
64 |
Active Inventory
286 |
Median Sale Price
$668,000 |
Days On Market
36 |
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Up 3%
Vs. Year Ago |
Up 23%
Vs. Year Ago |
Up 9%
Vs. Year Ago |
Down -3%
Vs. Year Ago |
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Units Sold
There was an increase in total units sold in June, with 64 sold this month in Adams Morgan and U Street Real Estate versus 58 last month, an increase of 10%. This month's total units sold was higher than at this time last year, an increase of 3% versus June 2024.
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Active Inventory
Versus last year, the total number of homes available this month is higher by 53 units or 23%. The total number of active inventory this June was 286 compared to 233 in June 2024. This month's total of 286 is lower than the previous month's total supply of available inventory of 325, a decrease of 12%.
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Median Sale Price
Last June, the median sale price for Adams Morgan and U Street Homes was $614,000. This June, the median sale price was $668,000, an increase of 9% or $54,000 compared to last year. The current median sold price is 9% higher than in May.
Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.
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New Listings
101 |
Current Contracts
61 |
Sold Vs. List Price
98.5% |
Months of Supply
4.5 |
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Up 12%
Vs. Year Ago |
Down -2%
Vs. Year Ago |
No Change
Vs. Year Ago |
Up 19%
Vs. Year Ago |
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Months of Supply
In June, there was 4.5 months of supply available in Adams Morgan and U Street, compared to 3.8 in June 2024. That is an increase of 19% versus a year ago.
Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
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New Listings & Current Contracts
This month there were 101 homes newly listed for sale in Adams Morgan and U Street compared to 90 in June 2024, an increase of 12%. There were 61 current contracts pending sale this June compared to 62 a year ago. The number of current contracts is 2% lower than last June.
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Sale Price to List Price Ratio
In June, the average sale price in Adams Morgan and U Street was 98.5% of the average list price, which is similar compared to a year ago.
Days on Market
This month, the average number of days on market was 36, lower than the average last year, which was 37, a decrease of 3%.
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Adams Morgan and U Street are defined as properties in zip code 20009 |
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates. |
Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc. |