The River Terrace-Lily Ponds-Mayfair housing market is somewhat competitive. The median sale price of a home in River Terrace-Lily Ponds-Mayfair was $412K last month, down 1.9% since last year. The median sale price per square foot in River Terrace-Lily Ponds-Mayfair is $376, up 23.4% since last year.
River Terrace-Lily Ponds-Mayfair Housing Market Trends
What is the housing market like in River Terrace-Lily Ponds-Mayfair today?
In March 2024, River Terrace-Lily Ponds-Mayfair home prices were down 1.9% compared to last year, selling for a median price of $412K. On average, homes in River Terrace-Lily Ponds-Mayfair sell after 58 days on the market compared to 74 days last year. There were 8 homes sold in March this year, up from 4 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$412,000
-1.9% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
River Terrace-Lily Ponds-Mayfair, DC
$412,000
-1.9%
United States
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How hot is the River Terrace-Lily Ponds-Mayfair housing market?
River Terrace-Lily Ponds-Mayfair is somewhat competitive. Homes sell in 54.5 days.
0
100
44
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 9 months
Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 55 days.
Hot homes
can sell for about 1% above list price and go pending in around 32 days.
Learn about schools in the River Terrace-Lily Ponds-Mayfair area
Elementary
Middle
High
GreatSchools Rating
3/10
Thomas Elementary School
Public • PreK-5
355
Students
4 reviews
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on River Terrace-Lily Ponds-Mayfair housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in River Terrace-Lily Ponds-Mayfair.
Risk Factor
Flood Factor - Major
51% of properties are at risk of severe flooding over the next 30 years
Flood Factor
River Terrace-Lily Ponds-Mayfair has a major risk of flooding. 225 properties in River Terrace-Lily Ponds-Mayfair are likely to be
severely affected
by flooding over the next 30 years. This represents 51% of all properties in River Terrace-Lily Ponds-Mayfair. Flood risk is increasing faster than the national average.
1% of properties are at risk of wildfire over the next 30 years
Fire Factor
River Terrace-Lily Ponds-Mayfair has a minor risk of wildfire. There are 14 properties in River Terrace-Lily Ponds-Mayfair that have some risk of being affected by wildfire over the next 30 years. This represents 1% of all properties in River Terrace-Lily Ponds-Mayfair.
99% of properties are at moderate
risk of a severe wind event over the next 30 years
Wind Factor
River Terrace-Lily Ponds-Mayfair has a Moderate Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. River Terrace-Lily Ponds-Mayfair is most at risk from hurricanes. 1,162 properties in River Terrace-Lily Ponds-Mayfair have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 64 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 77 mph.
100% of properties are at severe
risk of heat over the next 30 years
Heat Factor
River Terrace-Lily Ponds-Mayfair has a severe risk from heat. This is due to
"feels like" temperatures
increasing, and because 100% of homes in River Terrace-Lily Ponds-Mayfair have a Severe Heat Factor®.
River Terrace-Lily Ponds-Mayfair is expected to see a 128% increase in the number of days over 104ºF over the next 30 years. River Terrace-Lily Ponds-Mayfair is expected to experience 8