Markets & Economy

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

Inventory is still a drag on Washington, D.C
by Staff Writer
Jan 25

The ROI Producing Real Estate Event of the Summer
Reach top decision-makers at Inman Connect

Learn More

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.

Why switching websites is more costly than you think
Shiny new tools appeal, but they have hidden costs READ MORE
Area Median Sale Price Year-Over-Year Homes Sold Year-Over-Year Inventory Year-Over-Year New Listings
Adams Morgan / Kalorama Heights / Lanier Heights $517,000 -1.7% 101 8.6% 73 10.6% 100
American University Park / Friendship Heights / Tenleytown $1,023,000 11.2% 52 20.9% 16 -36.0% 33
Atlas District $720,000 10.3% 44 -32.3% 41 41.4% 52
Bellevue / Congress Heights / Washington Highlands $215,500 6.9% 40 48.1% 61 -7.6% 65
Benning Heights / Capitol View / Marshall Heights $260,500 18.4% 39 18.2% 49 -44.3% 48
Bloomingdale $752,000 12.2% 32 0.0% 29 11.5% 53
Capitol Hill $794,500 8.1% 103 1.0% 57 14.0% 90
Chevy Chase-DC $928,000 9.4% 57 11.8% 43 16.2% 43
Chinatown / Mount Vernon Square / Penn Quarters $499,500 1.5% 84 -10.6% 63 -8.7% 75
Cleveland Park $462,450 4.5% 36 38.5% 18 38.5% 32
Columbia Heights $544,000 7.2% 99 26.9% 84 33.3% 113
Congress Heights $220,000 -13.7% 21 61.5% 32 10.3% 30
Deanwood $200,000 -1.7% 27 42.1% 27 -15.6% 32
Dupont Circle $434,325 9.4% 88 -12.9% 58 -4.9% 84
Eckington $600,000 36.4% 18 -14.3% 22 120.0% 20
Edgewood $530,000 -10.2% 13 -35.0% 17 41.7% 26
Fairlawn / Twining / Randle Highlands / Penn Branch $285,000 -2.4% 33 6.5% 40 2.6% 39
Foggy Bottom / George Washington University / West End $439,000 -12.0% 72 18.0% 50 -21.9% 52
Fort Totten / Lamont Riggs / Pleasant Hill / Queens Chapel $385,500 10.8% 30 -3.2% 29 -21.6% 36
Foxhall / Palisades / Spring Valley / Wesley Heights $1,269,750 4.5% 48 17.1% 71 22.4% 55
Georgetown $1,312,500 16.2% 46 -22.0% 63 14.5% 61
Glover Park / Cathedral Heights / McLean Gardens $442,000 -5.9% 106 5.0% 94 2.2% 107
Greenway / Benning / Dupont Park / River Terrace $220,000 8.1% 17 -15.0% 16 -40.7% 18
Hill East $692,500 8.4% 64 16.4% 27 -34.1% 55
Historic Anacostia $191,000 -27.2% 20 66.7% 22 46.7% 28
Howard University / Le Droit Park $688,000 17.1% 60 13.2% 30 -6.3% 48
Kingman Park $485,000 2.6% 34 13.3% 38 22.6% 52
Logan Circle-Shaw $605,000 11.5% 167 -20.1% 85 -8.6% 150
Logan Circle-Shaw $698,750 9.7% 32 -11.1% 15 15.4% 34
Massachusetts Avenue Heights $834,500 77.6% 25 -35.9% 30 0.0% 37
Mount Pleasant $890,000 10.3% 23 4.5% 14 100.0% 23
Navy Yard $632,545 39.3% 13 30.0% 2 0.0% 9
NoMa $710,000 6.0% 20 -42.9% 21 133.3% 20
Petworth $645,000 7.5% 59 -18.1% 42 -14.3% 71
Pleasant Plains $597,500 17.7% 27 -15.6% 19 -9.5% 31
Southwest / Waterfront $335,750 17.0% 46 -27.0% 38 18.8% 49
Stanton Park $700,000 13.8% 81 -13.8% 62 26.5% 102
Takoma $765,000 118.6% 23 64.3% 16 60.0% 25
Trinidad / Arboretum / Ivy City $400,000 -8.0% 57 35.7% 63 16.7% 76
Truxton Circle $638,000 3.7% 14 -17.6% 18 0.0% 20
Union Station / Kingman Park / Stanton Park $649,000 6.7% 117 -16.4% 101 36.5% 140
Van Ness / Forest Hills / Wakefield $480,000 17.5% 33 -21.4% 27 3.8% 30
Woodley Park $522,500 -4.7% 17 6.3% 8 -20.0% 8
Washington, DC $500,500 -0.9% 739 5.4% 1,241 -7.1% 502