$2.5 Million and Up: Luxury Home Sales Rise 20% in DC Area in 2024
✉️ Want to forward this article? Click here.
It has been a good start to the year for high-priced homes in the DC region.
Home sales north of $2.5 million are up nearly 20% so far in the area, according to data from Bright MLS. The sector that saw the biggest jump was the $2.5 million to $5 million segment, where sales rose 25%; sales of $5 million+ homes were essentially flat, year-over-year.
While high interest rates are putting a damper on much of the housing market, that doesn't seem to be the case in the upper brackets. Last fall, Daniel Heider of TTR Sotheby's International Realty told UrbanTurf that most buyers for these high-priced homes are paying cash.
Here is a sampling of pricey homes that have sold in the region this year:
- $9 Million and Up: The 3 Priciest Homes To Sell in the DC Region in 2024
- Nearly $6 Million: The Most Expensive Condo Sale in Virginia Just Closed
- Tony Podesta's Kalorama Home Sells For $8.2 Million
Photo courtesy of Max Mackenzie, Neill Archer Roan, and HD Bros.
This article originally published at https://dc.urbanturf.com/articles/blog/25_million_and_up_luxury_home_sales_up_20_in_dc_area_in_2024/22128.
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