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1 Out of 6 Home Sales in DC in 2021 Was All-Cash

  • January 4, 2022

by UrbanTurf Staff

A condo in DC's West End that sold last year.

Cash home sales in DC in 2021 were up ever so slightly compared to 2020. 

9,939 homes sold in the District through the first 11 months of 2021 — and 16 percent of those homes went to buyers paying all cash. In 2020, 15 percent of homes were purchased for cash, and in 2018 and 2019, approximately 17-20% of homes sold in all-cash transactions. 

The all-cash neighborhoods in DC are also largely the priciest with three of the top five coming in neighborhoods where the median home price exceeds $1 million. 

Below is a sampling of DC neighborhoods and the percentage of all-cash transactions last year:

  • West End: 48 percent
  • Georgetown: 40 percent
  • Spring Valley: 38 percent

In this article, the term “home” is defined as any single-family house, condo or co-op that sold in the city in 2021. 

Photo courtesy of Peter Papoulakos.

This article originally published at http://dc.urbanturf.com/articles/blog/1-out-of-6-home-sales-in-dc-in-2021-was-all-cash/19101

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