What's Hot: The 4 Projects in the Works Near DC's Starburst Intersection | A 153-Room Aloft Hotel Pitched For Mt. Vernon Triangle
DC's Million-Dollar Neighborhoods
A home in Massachusetts Avenue Heights
There are now eight neighborhoods in DC where the median price for a home exceeds $1 million.
The most expensive neighborhood in the city is Massachusetts Avenue Heights, to the west of the Naval Observatory, where the median sales price this year is $3.8 million. The next two priciest neighborhoods in the District are Spring Valley and Kent with median prices of $1.7 million and $1.685 million, respectively.
Rounding out the list are Berkley, Georgetown, North Cleveland Park, Colonial Village and Burleith. Just missing the million-dollar mark were Chevy Chase and American University Park.
The chart above reveals some interesting data points about DC’s priciest, albeit smaller, neighborhoods. In the three neighborhoods where the million-dollar price point just barely exceeds seven figures, homes are sitting on the market for just a week. While it is usually the norm that in neighborhoods this expensive the median sales price usually falls well below the median list price, that is not the case in Georgetown, North Cleveland Park and Colonial Village.
story continues below
loading...story continues above
Lastly, North Cleveland Park is a pretty good place to own a million-dollar home. Not only are seven-figure homes selling on median in seven days, but the sales price to original list price ratio in the neighborhood now sits at 103 percent.
This article originally published at https://dc.urbanturf.com/articles/blog/dcs_million-dollar_neighborhoods/11489.
Most Popular... This Week • Last 30 Days • Ever
In this article, UrbanTurf looks at the estimated annual maintenance costs associated... read »
Today, UrbanTurf is examining one of our favorite metrics regarding competition in th... read »
Another concept has been unveiled for one of DC's most contentious development sites,... read »
The residential development in the works along Florida Avenue NE is looking to increa... read »
Renter demand has continued to push Class A apartment rents in the DC region up this ... read »
- What Are the Annual Maintenance Costs When You Own a Home?
- The 6 Places In The DC Area Where You Aren't The Only One Bidding On a Home
- A First Look At The New Plans For Adams Morgan's SunTrust Plaza
- 46 to 48: The Biggest Project In Trinidad Looks To Get Bigger
- How Much Did DC-Area Rents Rise At The Beginning of 2024?
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