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.
Homes sold in DC did fall over the previous month, but November home sales were up significantly from October.
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.
6 questions to attract more perfect clients
Tom Ferry outlines the process to identify your “ideal” client – and how to become the professional they choose 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 |
Comments