What's Hot: Lidl Grocery to Open at 700-Unit Tenleytown Development | Above Asking: A $500,000 Premium in Chevy Chase
20% of Homes Sold in DC This Year Fetched Over $1 Million

Approximately one in five homes sold in DC so far this year fetched $1 million or above, an analysis by UrbanTurf found.
Specifically, 678 of the 3,434 homes sold in the city between January and the end of April carried at least a $1 million price tag. The first four months also saw the highest volume of home sales above $2.5 million (63 sales) for a four-month period in the city, a sign that the luxury sector right now is moving just as swiftly as the rest of the market.
story continues below
loading...story continues above
In certain neighborhoods, the proportion of million-dollar sales was much higher than 20%. For example, in Georgetown and Chevy Chase DC, more than 60 percent of sales came in above $1 million. In Spring Valley, only three homes sold this year did not reach the million-dollar mark.
Later this week, Bright MLS will release its report on the DC region's housing market in May which will reveal whether the housing market is continuing its feverish pace or if buyers are finally getting fed up with the high prices and heavy competition.
Photo courtesy of HomeVisit.
See other articles related to: spring valley, luxury real estate dc, georgetown luxury real estate, dc housing prices, dc housing market, dc home prices
This article originally published at http://dc.urbanturf.com/articles/blog/20-of-homes-sold-in-dc-in-2021-fetched-over-1-million/18352
Most Popular... This Week • Last 30 Days • Ever

DC's homebuyer assistance programs can be a bit complex. This edition of First-Timer ... read »

A look around DC to see where home sellers are dropping their prices.... read »

The grocer has announced plans for other stores in Skyland and Columbia Heights.... read »

The new five-level residential project is planned for the buildings at 1365-1375 H St... read »

There are two main things happening in the housing market for this upper NW DC neighb... read »
- First-Timer Primer: DC's Home Buyer Assistance Programs
- Where Are Home Sellers Dropping Their Prices in DC?
- Lidl to Open Its Third DC Location at New 700-Unit Tenleytown Development
- A 50-Unit Development is Pitched For Recognizable Buildings Along H Street
- The Fastest Moving Prices in DC: The Palisades Market, By the Numbers
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