The 10 DC Area Zip Codes Where Homes are Selling the Slowest

by Shilpi Paul

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A home on Alabama Avenue in 20020.

Last week, UrbanTurf reported on the zip codes in DC and Northern Virginia where homes are selling the quickest in 2013.

Today, we flip the data, and take a look at areas where homes are staying on the market the longest. (To come up with fastest and selling zip codes, UrbanTurf used year-to-date data provided by RealEstate Business Intelligence.)

As the chart below reveals, the three slowest moving zip codes were all located east of the Anacostia River. Homes in 20032, which includes Congress Heights, took the longest to sell, at a median of 40 days. 20019, home to Deanwood, and 20020, home to Hillcrest, followed close behind. Other zip codes that populate the list are located in a variety of neighborhoods across the city, though. And, with the exception of 20037 and 20004, they tend to be located on the edges of the District.

Note: We only included a sampling of the neighborhoods associated with each zip code below.

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We also looked at the slowest moving zip codes for the region. To limit our list, we stuck with zip codes within 20 miles of the center of DC. Interestingly, Maryland zip codes made up the majority of the list.

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Later this week, we will be looking at the fastest and slowest moving zip codes in Maryland.

See other articles related to: dclofts

This article originally published at http://dc.urbanturf.com/articles/blog/the_10_dc_zip_codes_where_homes_are_selling_the_slowest/7597

9 Comments

  1. hyattsvillerez said at 3:11 pm on Tuesday September 24, 2013:

    Shilpi, is there anyway you could provide the fastest selling MD zip codes that are 20 miles from the center of DC?  I was hoping you would follow up with that since for some reason MD was not considered relevant in your last article that talk about this topic…even though it was included in this article. Thanks.

  1. Shilpi Paul said at 3:23 pm on Tuesday September 24, 2013:

    Hi hyattsvillerez,

    We are planning on publishing the list of the fastest selling MD zip codes later this week. Unfortunately, no MD zips showed up on the region-wide fastest-selling list we published the other day.

    Shilpi

  1. Brian said at 4:30 pm on Tuesday September 24, 2013:

    I’m just curious to know why Petworth, Brightwood, and Crestwood (20011) were put on the slow list at 11 days, while Woodley Park, Forest Hills and Kalorama were put on the fast list at 11 days (20008). What made you choose one zip over the other?

  1. Scoot said at 4:43 pm on Tuesday September 24, 2013:

    @ Brian

    20011 was put on the slow list at 13 days, not 11 days. So it was indeed slower than 20008.

    Of course it’s important to remember that only 2 days separates the 10th slowest and 10th fastest zips…

  1. Brian said at 4:57 pm on Tuesday September 24, 2013:

    @Scoot

    Let me preface that you are right that a couple days is no big deal and believe me when I say i’m not stressed or worried, just curious.

    When I asked how 20011 was doing back in the article listing the fastest selling zips, the editor replied that they were selling at 11 days.  I got confused and used the number you gave me yesterday.

  1. h st ll said at 5:11 pm on Tuesday September 24, 2013:

    I can’t say for certain, but from watching bidding and buying it seems like many of the EOTR properties for sale are short sales (or to a lesser extent, foreclosures) and the banks take forever to approve the sale and close.

  1. jm said at 10:48 pm on Tuesday September 24, 2013:

    I’ve noticed with the increase in market activity, agents are really overreaching on prices—which is insulting to buyers and just screwing with the market.  In the last week I’ve looked at 2 properties, both 1.8 ish, both in crappy but liveable condition and priced as if they were renovated and perfect, one was actually a good bit smaller than the other and only 20K less.  There are currently a quite a few of over priced places in the 1.8+ range sitting on the market in 20009 and agents and sellers apparently need a reality check.

  1. Bubba said at 5:49 am on Wednesday September 25, 2013:

    What do you do with this data?

    Does a difference in a few days or even weeks justify lowering one’s asking price?

    Is it a credible leading indicator of price development?

  1. Kevin said at 11:46 am on Wednesday September 25, 2013:

    I live in 20020 (on ridge place) and I don’t see any development or changes happening soon (unless Skyland Town Center helps out). The good thing is that most in the area are very long time residents that know and lookout for each other so it is fairly friendly (for the area) but obviously still watch out for your surroundings and keep valuables locked up.

    Some renovated homes or development could spur some (mentality dont tear your own neighborhood up change) but I guess time will tell.

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