$196,000: The DC Area Sees Record Home Seller Profits
✉️ Want to forward this article? Click here.
![woodley.jpg](https://assets.urbanturf.com/dc/images/blog/2024/07/woodley.jpg)
DC area home sellers realized historic profits in the second quarter of the year, as home prices reached record levels.
Sellers in the region saw average profits of $195,000, a 51% increase compared to a year ago, according to a new report out this week from ATTOM Data Solutions. The previous high for seller profits ($175,000) was in the second quarter of 2023.
In certain DC zip codes, the profits were much higher than the rest of the region. In the 20008 zip code, which includes portions of Cleveland Park and Woodley Park, home sellers saw profits in excess of $630,000. In the 20016 zip code, which includes portions of Spring Valley, Palisades and Kent, seller profits averaged $630,000.
story continues below
loading...story continues above
As they soared in the DC region, profit margins were generally flat across the rest of the U.S.
“The second-quarter profit report offers a mixed bag of plusses and minuses that added up to an overall picture of not much change for sellers,” said Rob Barber, chief executive officer for ATTOM. “Prices jumped back upward, which was great news for owners. So did raw profits. Profit margins also remained historically elevated. But the bottom-line profit-margin trend didn’t move much at all because soaring prices are far from a new thing."
The report calculates seller gains as the difference between the median sold price for the quarter and the previous median sold price of those same units that sold.
This article originally published at https://dc.urbanturf.com/articles/blog/196000_the_dc_area_sees_record_home_seller_profits/22560.
Most Popular... This Week • Last 30 Days • Ever
![Buying with Friends: What You Should Know](https://assets.urbanturf.com/dc/images/blog/2010/05/home_value.jpg)
Here are some precautions to take before buying real estate with a buddy.... read »
![$10 Million McLean Home Of Former Nationals Star Stephen Strasburg Finds a Buyer](https://assets.urbanturf.com/dc/images/blog/2024/09/resized/VAFX2180246_45_0_image_560x420.jpg)
The six-bedroom home listed for just south of $10 million back in June went under con... read »
![16-Story, 325-Unit Building Pitched For Arlington's Wilson Boulevard](https://assets.urbanturf.com/dc/images/blog/2024/09/resized/2500-wilson-1_image_560x420.jpg)
The new project will take the place of an obsolete office building in Courthouse.... read »
![Mayor Bowser Announces First Office-To-Residential Projects To Receive Tax Abatements](https://assets.urbanturf.com/dc/images/blog/2024/09/resized/1625-mass-1_image_560x420.jpg)
The three office-to-residential conversion projects have been conditionally awarded t... read »
![500 Apartments, Live/Work Units And A Park: The New Plans Coming To St. Elizabeths](https://assets.urbanturf.com/dc/images/blog/2024/09/resized/parcel-6-park_image_560x420.jpg)
The plans for one of the final parcels at DC's St. Elizabeth's East campus are beginn... read »
- Buying with Friends: What You Should Know
- $10 Million McLean Home Of Former Nationals Star Stephen Strasburg Finds a Buyer
- 16-Story, 325-Unit Building Pitched For Arlington's Wilson Boulevard
- Mayor Bowser Announces First Office-To-Residential Projects To Receive Tax Abatements
- 500 Apartments, Live/Work Units And A Park: The New Plans Coming To St. Elizabeths
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. 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