The Long & Foster Market Minute

Focus On: Anacostia and Hillcrest Housing Market December 2022

Zip Code(s): 20019, 20020 and 20032
Units Sold
Active Inventory
Median Sale Price
Days On Market
Vs. Year Ago
Down -1%
Vs. Year Ago
Down -8%
Vs. Year Ago
Up 22%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in December, with 54 sold this month in Anacostia and Hillcrest Real Estate. This month's total units sold was lower than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 3 units or 1%. The total number of active inventory this December was 229 compared to 232 in December 2021. This month's total of 229 is lower than the previous month's total supply of available inventory of 286, a decrease of 20%.

Median Sale Price
Last December, the median sale price for Anacostia and Hillcrest Homes was $429,750. This December, the median sale price was $397,500, a decrease of 8% or $32,250 compared to last year. The current median sold price is 6% lower than in November.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

New Listings
Current Contracts
Sold Vs. List Price
Months of Supply
No Change
Vs. Year Ago
Up 3%
Vs. Year Ago
Down -1.3%
Vs. Year Ago
Up 94%
Vs. Year Ago

Months of Supply
In December, there was 4.2 months of supply available in Anacostia and Hillcrest, compared to 2.2 in December 2021. That is an increase of 94% 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.

New Listings & Current Contracts
This month there were 87 homes newly listed for sale in Anacostia and Hillcrest, which is similar to the amount in December 2021. There were 67 current contracts pending sale this December compared to 65 a year ago. The number of current contracts is 3% higher than last December.

Sale Price to List Price Ratio
In December, the average sale price in Anacostia and Hillcrest was 97.6% of the average list price, which is 1.3% lower than at this time last year.

Days on Market
This month, the average number of days on market was 45, higher than the average last year, which was 37, an increase of 22%.

The Long & Foster Market Minute Anacosta and Hillcrest are defined as properties in zip codes 20019/20020/20032.
*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.
REALTOR, Equal Opportunity HousingInformation 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.