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| MARCH 2025 | |||
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| Zip Code(s): 20003 | |||
| Units Sold 32 |
Active Inventory 139 |
Median Sale Price $1,052,450 |
Days On Market 42 |
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| Down -14% Vs. Year Ago |
Up 16% Vs. Year Ago |
Up Vs. Year Ago |
Up 20% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in March, with 32 sold this month in Capitol Hill (SE) Real Estate versus 26 last month, an increase of 23%. This month's total units sold was lower than at this time last year, a decrease of 14% versus March 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 19 units or 16%. The total number of active inventory this March was 139 compared to 120 in March 2024. This month's total of 139 is lower than the previous month's total supply of available inventory of 146, a decrease of 5%. |
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Median Sale Price
Due to the relatively small number of units sold, the median sale price showed significant change this month. Last March, the median sale price for Capitol Hill (SE) Homes was $825,000. This March, the median sale price was $1,052,450, an increase of $227,450 compared to last year. The current median sold price is higher than in February. 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 61 |
Current Contracts 39 |
Sold Vs. List Price 99.3% |
Months of Supply 4.3 |
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| Down -27% Vs. Year Ago |
Down -5% Vs. Year Ago |
No Change Vs. Year Ago |
Up 34% Vs. Year Ago |
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Months of Supply
In March, there was 4.3 months of supply available in Capitol Hill (SE), compared to 3.2 in March 2024. That is an increase of 34% 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 61 homes newly listed for sale in Capitol Hill (SE) compared to 83 in March 2024, a decrease of 27%. There were 39 current contracts pending sale this March compared to 41 a year ago. The number of current contracts is 5% lower than last March. |
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Sale Price to List Price Ratio
In March, the average sale price in Capitol Hill (SE) was 99.3% 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 42, higher than the average last year, which was 35, an increase of 20%. | |||
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Capitol Hill (SE) is defined as properties in zip code 20003. | ||
| *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. |
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