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A Slower 2024: The Anacostia Housing Market, By The Numbers

  • May 29th

by UrbanTurf Staff

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Anacostia's Grass House. 

As the spring housing market nears its end, UrbanTurf continues looking at the neighborhood markets around the DC region. Today, we head over to Anacostia.

From about 2018-2022, home prices rose considerably in Anacostia before giving up a lot of those gains last year. So far in 2024, home prices have remained relatively flat in the neighborhood east of the Anacostia River, with sales volume on par with 2023. However, there are signs that the market is slower than last year. For one, there is about an 8-month supply of homes for sale, particularly high for the city. Second, the contract ratio is well below the 1.0 level, an indication that not many buyers are putting in offers. 

Below are some additional statistics we picked out about the Anacostia market. 

  • $385,000 -- The median home price in Anacostia, up 2% compared to last year.
  • 21 -- The number of homes sold so far this year, up 5% from last year.
  • 8 months -- The supply of homes for sale in the first quarter.
  • 0.33 -- The contract ratio for Anacostia in March. 

Photo courtesy of Trish Hamilton and Ty Cole. 

See other articles related to: anacostia, anacostia home prices, anacostia housing market

This article originally published at https://dc.urbanturf.com/articles/blog/a_slower_2024_the_anacostia_housing_market_by_the_numbers/22361.

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