What's Hot: The Grass House in Anacostia | 6.13%: Mortgage Rates Fall Again
1 in 4 Homes Sold in DC This Year Fetched Over $1 Million

Approximately one in four homes sold in DC so far this year fetched $1 million or above, an analysis by UrbanTurf found. That is the highest proportion of home sales above $1 million for a quarter on record in the city.
Specifically, 747 of the 3,105 homes sold in DC between January and the end of April sold for at least $1 million. The first four months also saw the highest volume of home sales above $2.5 million (93 sales) for a four-month period in the city.
story continues below
loading...story continues above
In certain neighborhoods, the proportion of million-dollar sales was much higher than 25%. For example, in Georgetown and Chevy Chase DC, more than 60% of sales came in above $1 million. In Spring Valley, only one home has sold this year that did not reach the million-dollar mark.
Next week, Bright MLS will release its report on the DC region's housing market in May which will reveal how much high prices and rising interest rates are affecting homebuyers.
Similar Posts:
- $11 Million and Change: The DC Area's 3 Biggest Home Sales in 2022
- 84 Showings, 16 Offers, $740,000 Above Asking
See other articles related to: dc housing market, dc housing market trends, million dollar homes, million-dollar homes dc
This article originally published at https://dc.urbanturf.com/articles/blog/1-in-4-homes-sold-in-dc-this-year-fetched-over-1-million/19748.
Most Popular... This Week • Last 30 Days • Ever

This Week's Best New Listings includes a Shaw condo with soaring ceilings, a Wesley H... read »

Dupont Circle’s Swann House, a former 15-bedroom bed and breakfast, will be listed ... read »

A recent build in Anacostia made history as the first code-compliant bamboo building ... read »

There are two new proposals to redevelop the center at 14th and U Streets NW that are... read »

The recently-filed amendment would help move redevelopment of a police and fire stati... read »
- Best New Listings: Soaring Ceilings and Stone Exteriors
- One of Dupont Circle's Oldest Mansions to Hit the Market
- The Week's Find: The Grass House in Anacostia
- Apartments, Amphitheaters, and Dave Chapelle: The Revised Proposals For DC's Reeves Center
- Map Amendment Could Pave Way For Big U Street Redevelopment
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
Unique Spaces
Awesome and unusual real estate from across the DC Metro