Markets & Economy

District of Columbia home prices dip in November, December, says Redfin

Inventory is still a drag on Washington, D.C

It’s not often that District of Columbia home prices report a decline, but heading into the winter season the inevitable finally happened. But no need to fret, home price declines didn’t even hit 1 percent. According to Redfin, home prices in Washington, D.C. fell 0.9 percent in December on an annual basis, but home sales inched up 5.4 percent.

redfin dc median sales price

Homes sold in DC did fall over the previous month, but November home sales were up significantly from October.

Redfin homes sold in District of columbia

On a neighborhood basis, DC is pretty consistently strong.

Washington, D.C. home values are increasing dramatically in the Takoma area by 119 percent. Congress Heights saw a whopping 61.5 percent increase in homes sold, and Historic Anacostia saw a similar 66.7 percent increase.

AreaMedian Sale PriceYear-Over-YearHomes SoldYear-Over-YearInventoryYear-Over-YearNew Listings
Adams Morgan / Kalorama Heights / Lanier Heights$517,000-1.7%1018.6%7310.6%100
American University Park / Friendship Heights / Tenleytown$1,023,00011.2%5220.9%16-36.0%33
Atlas District$720,00010.3%44-32.3%4141.4%52
Bellevue / Congress Heights / Washington Highlands$215,5006.9%4048.1%61-7.6%65
Benning Heights / Capitol View / Marshall Heights$260,50018.4%3918.2%49-44.3%48
Capitol Hill$794,5008.1%1031.0%5714.0%90
Chevy Chase-DC$928,0009.4%5711.8%4316.2%43
Chinatown / Mount Vernon Square / Penn Quarters$499,5001.5%84-10.6%63-8.7%75
Cleveland Park$462,4504.5%3638.5%1838.5%32
Columbia Heights$544,0007.2%9926.9%8433.3%113
Congress Heights$220,000-13.7%2161.5%3210.3%30
Dupont Circle$434,3259.4%88-12.9%58-4.9%84
Fairlawn / Twining / Randle Highlands / Penn Branch$285,000-2.4%336.5%402.6%39
Foggy Bottom / George Washington University / West End$439,000-12.0%7218.0%50-21.9%52
Fort Totten / Lamont Riggs / Pleasant Hill / Queens Chapel$385,50010.8%30-3.2%29-21.6%36
Foxhall / Palisades / Spring Valley / Wesley Heights$1,269,7504.5%4817.1%7122.4%55
Glover Park / Cathedral Heights / McLean Gardens$442,000-5.9%1065.0%942.2%107
Greenway / Benning / Dupont Park / River Terrace$220,0008.1%17-15.0%16-40.7%18
Hill East$692,5008.4%6416.4%27-34.1%55
Historic Anacostia$191,000-27.2%2066.7%2246.7%28
Howard University / Le Droit Park$688,00017.1%6013.2%30-6.3%48
Kingman Park$485,0002.6%3413.3%3822.6%52
Logan Circle-Shaw$605,00011.5%167-20.1%85-8.6%150
Logan Circle-Shaw$698,7509.7%32-11.1%1515.4%34
Massachusetts Avenue Heights$834,50077.6%25-35.9%300.0%37
Mount Pleasant$890,00010.3%234.5%14100.0%23
Navy Yard$632,54539.3%1330.0%20.0%9
Pleasant Plains$597,50017.7%27-15.6%19-9.5%31
Southwest / Waterfront$335,75017.0%46-27.0%3818.8%49
Stanton Park$700,00013.8%81-13.8%6226.5%102
Trinidad / Arboretum / Ivy City$400,000-8.0%5735.7%6316.7%76
Truxton Circle$638,0003.7%14-17.6%180.0%20
Union Station / Kingman Park / Stanton Park$649,0006.7%117-16.4%10136.5%140
Van Ness / Forest Hills / Wakefield$480,00017.5%33-21.4%273.8%30
Woodley Park$522,500-4.7%176.3%8-20.0%8
Washington, DC$500,500-0.9%7395.4%1,241-7.1%502