Real Estate Market Update for 20032 (Washington, DC)

Video: Real Estate Community Tour for 20032 (Washington, DC)

See Real estate community tour for 20032 (Washington, DC)
Welcome to June's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was down 46% from one year earlier, and down 17% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 240-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 71%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was 240-thousand dollars. The number of units sold increased 33% year-over-year, and increased 50% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Show Transcript
Map Information for 20032 (Washington, DC)
Area Information for 20032 (Washington, DC)
  • Population: 37,763
  • Median Age: 31.66 yr
  • Median Commute Time: 36 mins
  • Educational Climate*: 2
  • Sales Tax: 5%
  • Population Density: 7,189/sq mi
  • Population Change Since 2000: 2.2%
  • Closest Airport: Ronald Reagan Washington National
  • Closest College: National Defense Intelligence College
  • Closest Jr. College: Northern Virginia Cmnty Cllg-alexandria
  • Median Household Income: $34,699
  • Annual Residential Turnover: 20%
  • Median Home Sales Price: $157,450
  • Closest Major Sports Team: Washington Nationals
  • Change Avg. Household Income Since 2000: 20.81%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 20032 (Washington, DC)
Median Age: 31.66 Married: 13% Number of Households: 14,497 Households with Children: 4,771
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 20032 (Washington, DC)

      School Name Distance Type Grades School Rating Parent Rating
      Simon Elementary School 0.3 mi Public PRESCHOOL-5 1 0
      Bishop John T. Walker School For Bo 0.4 mi Private PRESCHOOL-5 0 0
      Hendley Elementary School 0.4 mi Public PRESCHOOL-5 0 0
      St Thomas More Catholic 0.4 mi Catholic PRESCHOOL-8 0 0
      Ballou Stay High School 0.5 mi Public UNGRADE-UNGRADE 0 0
      Ballou High School 0.5 mi Public 9-12 1 3
      Hart Middle School 0.5 mi Public 6-8 0 0
      National Childrens Center Se Upper School 0.5 mi Private UNGRADE-UNGRADE 0 0
      Center City Pcs - Congress Heights 0.6 mi Public PRESCHOOL-8 3 0
      Patterson Elementary School 0.6 mi Public PRESCHOOL-5 1 0
      Kuumba Learning Center 0.6 mi Private PRESCHOOL-10 0 0
      Leckie Elementary School 0.6 mi Public PRESCHOOL-5 3 0
      Achievement Preparatory Academy Pcs 0.6 mi Public 4-8 5 0
      Kipp Dc Pcs: Key Academy 0.7 mi Public 5-8 3 0
      Ingenuity Prep Public Charter School 0.7 mi Public PRESCHOOL-K 0 0
      Early Childhood Academy Pcs: Walter Washington Campus Johenning Campus 0.7 mi Public PRESCHOOL-3 0 0
      King Elementary School 0.7 mi Public PRESCHOOL-5 1 0
      Eagle Center -mcgogney 0.7 mi Public PRESCHOOL-3 0 0
      Somerset Preparatory Academy Public Charter School 0.8 mi Public 6-8 2 0
      Friendship Southeast Elementary Academy Pcs 1.1 mi Public PRESCHOOL-5 3 0
      Friendship Technology Preparatory Academy Pcs 1.1 mi Public 6-11 1 3
      Malcolm X Elementary School @ Green 1.2 mi Public PRESCHOOL-5 0 0
      Achievement Preparatory Public Charter School - Elementary 1.4 mi Public K-3 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by School Review data by
      Local Weather for 20032 (Washington, DC)
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.