$140,000: The Difference 5 Years Makes in DC Home Prices
A home in Georgetown.
A look back at the trajectory of home prices in the nation’s capital over the last five years reveals that prices have been on a steady path north.
Since the third quarter of 2010, median sales prices have risen from $402,500 to $540,000 in DC. However as the chart below reveals, the price movement has had valleys and peaks. For instance, in the first quarter of every year, prices dipped, as is expected in the slower winter months. Median prices reached their highest level in the second and quarters of each year when the housing market was in full swing.
story continues below
loading...story continues above
Median sales prices in DC — 2010 to 2015.
Below is a table that looks at how prices have increased based on unit size, but a snapshot shows that the increase has been across the board. For instance, the price for two-bedrooms rose from $435,000 to almost $575,000. Four-bedrooms saw prices go from $560,000 to almost $800,000.
This article originally published at https://dc.urbanturf.com/articles/blog/140000_the_difference_5_years_makes_in_dc_home_prices/10343.
Most Popular... This Week • Last 30 Days • Ever
It has been a good start to the year for high-priced homes in the DC region.... read »
Roadside Development filed a sketch plan with Montgomery County this month for the 30... read »
The Matthew is located on 9th Street, overlooking the iconic Naylor Court and neighbo... read »
Dan Snyder donates house to charity; DC records priciest building sale since 2022; an... read »
This week's Best New Listings include an award-winning craftsman, a condo in a former... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro