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: 1/16/2021
M/M Y/Y
Homes for Sale 5 -40.0% -260.0%
Months Inventory 0.29 -44.8% -213.8%
Contracts Pending 13 -46.2% -107.7%
Solds: 90 Day 53 +9.4% +9.4%
Average List Price/Sold Price 102.26% +1.1% +2.3%
Active/Pending Ratio 0.38 +2.6% -76.3%
Average Price M/M Y/Y
Active $635,980 -5.6% +2.1%
Pending $610,646 +10.8% +16.3%
90 Day Sold $563,842 -2.0% +9.0%
Median Price
Active $575,000 -11.1% +1.3%
Pending $575,000 +8.3% +14.4%
90 Day Sold $550,000 -4.4% +5.9%
Days on Market
Active 142.80 -1.0% +51.9%
Pending 29.11 +25.1% -144.8%
90 Day Sold 14.83 -20.4% -91.5%
M/M Y/Y
Homes for Sale 2 0.0% -250.0%
Months Inventory 0.59 +3.4% -210.2%
Contracts Pending 4 +50.0% +25.0%
Solds: 90 Day 7 -14.3% -14.3%
Average List Price/Sold Price 100.94% -0.7% +0.9%
Active/Pending Ratio 0.50 -100.0% -366.0%
Average Price M/M Y/Y
Active $782,500 0.0% +0.5%
Pending $705,500 -1.6% +1.7%
90 Day Sold $675,843 -4.1% +20.1%
Median Price
Active $782,500 0.0% -2.2%
Pending $694,500 +6.4% +1.7%
90 Day Sold $700,000 +5.0% +20.0%
Days on Market
Active 347.50 +8.9% +87.1%
Pending 10.17 -63.2% -566.2%
90 Day Sold 16.71 +16.2% -87.0%
M/M Y/Y
Homes for Sale 3 -66.7% -266.7%
Months Inventory 0.24 -75.0% -187.5%
Contracts Pending 9 -77.8% -166.7%
Solds: 90 Day 43 +16.3% +7.0%
Average List Price/Sold Price 102.59% +1.4% +2.6%
Active/Pending Ratio 0.33 +6.1% -39.4%
Average Price M/M Y/Y
Active $538,300 -16.5% +2.8%
Pending $566,868 +8.3% +14.1%
90 Day Sold $569,635 -2.0% +10.9%
Median Price
Active $524,900 -21.7% -1.4%
Pending $535,000 +1.9% +10.7%
90 Day Sold $550,000 -4.4% +7.6%
Days on Market
Active 6.33 -1,091.2% -1,225.6%
Pending 37.85 +38.8% -89.5%
90 Day Sold 9.40 -19.7% -196.1%
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
46 Homes for Sale
Today's Median Price $605,000
Woodbridge, VA
62 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
15 Homes for Sale
Today's Median Price $628,200
LaSalle-Backus Education Campus
2 Homes for Sale
Today's Median Price $535,000