Home | Newsletter | Advertise
loading...

1 in 4 Homes Sold in DC This Year Fetched Over $1 Million

  • June 10th

by UrbanTurf Staff

Inside a Georgetown condo that sold earlier this year.

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. 

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:

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.

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