1925 Summit Pl NE, a 3-Bed/3.5-Bath with three levels, sold for $625k in four days.
This Northeast, DC community, surrounded by NoMa, Brentwood, Edgewood, and Bloomingdale neighborhoods, is still one of the District's more affordable neighborhoods. However, that affordability is being challenged - with the Rhode Island Avenue Metro to it's northeastern tip and the NoMa Metro to it's south, home prices continue to rise in Eckington. If it's proximity to downtown isn't enticing enough, the neighborhood also appears on the "House of Cards" opening credit sequence. Let's take a look at the Eckington real estate market over the years.
Average Sale Price
In 2010 the average home sold for under $400k in Eckington, but home prices have continuously grown over the years. Today, you can expect to pay nearly $600k for the same home. However, the neighborhood is still affordable in comparison to the more popular NoMa and Bloomingdale.
Median Days on the Market
The District of Columbia has been suffering from an inventory shortage for quite some time, and Eckington is no different. Five years ago, the median home sat on the market for about 2.5 months. However, that quickly changed in 2011, and homes have continued to sell quicker and quicker. If you're a buyer, expect to compete with other buyers for the most desirable homes. If you're a seller, price and market your home appropriately to obtain top dollar.