Home | Newsletter | Advertise
loading...

1 in 3 Homes Sold For Above Asking Price in DC Last Year

  • February 3rd 2021

by UrbanTurf Staff

A home on Capitol Hill that sold for above asking last year.

Thirty percent of homes sold in the District last year fetched more than their original listing price, based on a recent data analysis by UrbanTurf. This is up from just 10 percent of homes selling at a premium in 2019. 

Just over 2,900 of the 9,650 homes sold last year sold for above asking price, based on data provided by Bright MLS. However, in certain neighborhoods, the proportion of homes that attracted multiple offers was much higher. 

The upper NW neighborhoods of AU Park and Crestwood led the way with more than 55% of homes selling for above asking. Just behind these two neighborhoods was Chevy Chase DC, where 45% of homes sold for above asking. In Mount Pleasant, 40% of homes sold at a premium. 

There were several other neighborhoods where more than 30 percent of homes sold went for above asking, including Petworth (39%), Deanwood (38%), Brookland (38%), and Capitol Hill (36%). 

Photo by HomeVisit

Similar Posts:

This article originally published at https://dc.urbanturf.com/articles/blog/1-in-3-homes-sold-for-above-asking-price-in-dc-last-year/17840.

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. Visit guides.urbanturf.com or start browsing below!

First-Timer Primers

Intro guides for first-time home buyers

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse