Riggs Park / Michigan Park
Riggs Park / Michigan Park

Riggs Park/Michigan Park Real Estate

Homes for sale in Washington DC's Riggs Park/Michigan Park Neighborhood

Real Estate Market Stats

Basic Stats Overview

Data Source: MRIS Listing Data, Last Updated: 1/19/2021
M/M Y/Y
Homes for Sale 4 -100.0% -275.0%
Months Inventory 0.23 -104.3% -226.1%
Contracts Pending 13 -23.1% -100.0%
Solds: 90 Day 50 -4.0% 0.0%
Average List Price/Sold Price 102.46% +1.3% +2.4%
Active/Pending Ratio 0.31 -61.3% -87.1%
Average Price M/M Y/Y
Active $634,975 -4.8% -0.7%
Pending $614,594 +9.9% +16.1%
90 Day Sold $560,052 +0.2% +8.4%
Median Price
Active $549,950 -11.4% -6.4%
Pending $590,000 +11.0% +15.3%
90 Day Sold $550,000 -3.6% +5.9%
Days on Market
Active 181.25 +36.4% +61.7%
Pending 29.58 +10.2% -146.9%
90 Day Sold 15.10 -12.7% -81.9%
M/M Y/Y
Homes for Sale 2 -50.0% -200.0%
Months Inventory 0.57 -54.4% -175.4%
Contracts Pending 3 +66.7% 0.0%
Solds: 90 Day 6 -16.7% -33.3%
Average List Price/Sold Price 101.68% -0.5% +1.7%
Active/Pending Ratio 0.67 -347.8% -198.5%
Average Price M/M Y/Y
Active $782,500 +8.8% -1.6%
Pending $731,600 -3.4% +5.8%
90 Day Sold $706,150 +12.0% +23.5%
Median Price
Active $782,500 +26.5% -7.0%
Pending $799,000 -2.5% +16.1%
90 Day Sold $705,500 +10.7% +20.6%
Days on Market
Active 350.50 +39.0% +86.1%
Pending 12.20 -111.5% -419.7%
90 Day Sold 18.17 +22.2% -72.0%
M/M Y/Y
Homes for Sale 2 -150.0% -350.0%
Months Inventory 0.16 -156.3% -250.0%
Contracts Pending 10 -40.0% -130.0%
Solds: 90 Day 41 0.0% -2.4%
Average List Price/Sold Price 102.69% +1.6% +2.6%
Active/Pending Ratio 0.20 -80.0% -95.0%
Average Price M/M Y/Y
Active $487,450 -30.7% -10.0%
Pending $572,806 +9.5% +15.2%
90 Day Sold $563,593 -2.4% +9.9%
Median Price
Active $487,450 -33.3% -9.1%
Pending $537,000 +2.3% +10.6%
90 Day Sold $550,000 -3.6% +7.6%
Days on Market
Active 12.00 -368.3% -594.4%
Pending 35.79 +23.7% -108.7%
90 Day Sold 9.29 -17.1% -187.8%
M/M Y/Y
Homes for Sale 0 N/A N/A
Months Inventory 0.00 N/A N/A
Contracts Pending 0 N/A N/A
Solds: 90 Day 3 -33.3% N/A
Average List Price/Sold Price 99.56% +0.5% N/A
Active/Pending Ratio 0.00 N/A N/A
Average Price M/M Y/Y
Active $0 N/A N/A
Pending $0 N/A N/A
90 Day Sold $219,467 -20.8% N/A
Median Price
Active $0 N/A N/A
Pending $0 N/A N/A
90 Day Sold $211,400 -18.6% N/A
Days on Market
Active 0.00 N/A N/A
Pending 0.00 N/A N/A
90 Day Sold 88.33 +3.8% N/A

How Much is Available?

Data Source: MRIS Listing Data, Active Inventory
The number of Riggs Park / Michigan Park homes listed for sale. Lower inventory favors sellers in negotiations.

How Many Months of Inventory?

Data Source: MRIS Listing Data, Months Inventory
The number of homes listed for sale in Riggs Park / Michigan Park divided by the number of homes sold in one month. Higher inventory favors buyers.

More Actives or More Pendings?

Data Source: MRIS Listing Data, Active/Pending Ratio
Ratio of homes in Riggs Park / Michigan Park listed for sale versus those under contract. The lower the number, the hotter the market.

Are Sellers Negotiating?

Data Source: MRIS Listing Data, List/Sold Ratio
Shows a comparison between the final sales price of homes sold in Riggs Park / Michigan Park versus their list price.

What is Average?

Data Source: MRIS Listing Data, Average Sale Price (90 Days)
Average list price of homes for sale in Riggs Park / Michigan Park

How Fast Are They Selling?

Data Source: MRIS Listing Data, Days on Market (Sold Listings 90 Days)
Average days from Listing Date to Sold Date for Riggs Park / Michigan Park homes that sold in the past 90 days.

Nearby Riggs Park/Michigan Park

Brookland
27 Homes for Sale
Today's Median Price $567,500
Petworth
47 Homes for Sale
Today's Median Price $597,450
Woodbridge, VA
59 Homes for Sale
Today's Median Price $390,000

Public Schools near Riggs Park/Michigan Park

Powell Elementary School
18 Homes for Sale
Today's Median Price $607,500
Bruce-Monroe Elementary School
14 Homes for Sale
Today's Median Price $621,500
LaSalle-Backus Education Campus
2 Homes for Sale
Today's Median Price $535,000