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Real estate in Washington DC offers a mix of historic charm and modern amenities that reflect the city's rich culture. From row houses and victorian-style homes to modern apartments and condominiums, Washington DC's housing options are just as diverse as the city itself. Whether you want to reside in a neighborhood close to the vibrant nightlife and iconic & historical landmarks, or be tucked away in a more secluded neighborhood with tree-lined streets, larger lots, and scenic views, Washington DC has a home for you.
(courtesy of Redfin)
Median Sale Price
Median Sale Price per Sq. Ft.
Total Homes Sold
Median Days on Market
Sale-to-List Price
Homes Sold Above List Price
As of August 2024, Washington DC real estate saw home prices increase by 0.8% compared to the previous year, with a median sale price of $630K. On average, homes in the Washington DC real estate market sold after 50 days on the market, the same as last year. A total of 532 homes were sold in August, a decrease from 664 sales in the same month last year.
The Washington, DC housing market is moderately competitive, with homes for sale Washington DC typically receiving an average of 2 offers and selling in about 50 days. Last month, the median sale price for a home in Washington, DC was $630K, reflecting a 0.8% increase from the previous year. However, the median price per square foot for homes for sale Washington DC dropped by 1.4%, now standing at $505.
Philadelphia homebuyers showed the most interest in moving to houses for sale Washington DC, followed by those from New York and Hartford. Meanwhile, 81% of Washington, DC homebuyers preferred to stay within the metro area, with Salisbury being the top destination, followed by Virginia Beach and Harrisburg. Nationally, 3% of homebuyers searched for houses for sale Washington DC from other metros.
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Some of the best neighborhoods for Washington DC condos for sale are Georgetown, Capitol Hill, Dupont Circle, and Logan Circle. Each of these areas offers distinct features, ranging from historic charm to lively nightlife, making them attractive to a variety of buyers.
Yes, there are numerous new construction options if you're looking for a house for sale in Washington DC. Areas like Navy Yard, Capitol Riverfront, and Southwest Waterfront are seeing new developments that feature modern amenities and energy-efficient designs, making them perfect for buyers seeking contemporary living spaces.
The average price per square foot for homes and condos for sale Washington DC is around $505. This can fluctuate based on the neighborhood and property type, with certain areas demanding higher prices due to their prime locations and amenities.
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