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$1.4 Million: The Price for a House in DC Hit a New High in April
Another month, another new record for the price a house in DC.
After setting a new high in March, the value of a detached house in DC skyrocketed to another record in April. The median price for this property type in the city rose to $1.395 million, according to Bright MLS, up 11% compared to last April and about $100,000 higher than just a month ago.
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A look around the city in April finds that the neighborhoods that saw some of saw the highest year-over-year price increases were Palisades (44%), AU Park (41%) and Chevy Chase DC (24%).
The rise in detached house prices in the District over the last two years has been eye-popping. In May 2019, the median price for a house was more than half a million dollars lower than it is today.
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This article originally published at https://dc.urbanturf.com/articles/blog/14-million-the-price-for-a-house-in-dc-broke-another-record-in-april/19656.
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