UrbanTurf continues its annual look at the neighborhood housing markets around the DC region in 2023, as we head over to Bloomingdale.
The market in the neighborhood surrounded by Shaw and LeDroit Park has been slower in 2023. Home sales are down, while prices for townhomes have fallen 4% and condo prices dropped 6%. The median home price is still just north of $1 million, but homes are not selling for above list price as frequently as they did last year. The drop in bidding wars is likely the result of the supply of homes for sale, which is notably higher than other neighborhoods in the District.
Below are some of the more interesting statistics we picked out about the Bloomingdale market.
- $1.005 million -- The median home price in Bloomingdale.
- 35 -- The number of homes that sold in the neighborhood this year, down 40% compared to 2022.
- 30% -- The percentage of homes that sold in ten days or less.
- 3.3 months -- The supply of homes for sale in the second quarter, up 11%.
- Condos and Co-ops Bolster Cleveland Park Market
- Prices Up And Sales Follow Suit: The Palisades Housing Market, By the Numbers
- Fairly Balanced: The Logan Circle Market, By the Numbers
- Sales Down, Prices Flat: The Capitol Hill Housing Market, By the Numbers
This article originally published at https://dc.urbanturf.com/articles/blog/a_slightly_slower_2023_the_bloomingdale_housing_market_by_the_numbers/21261.
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