Home | Newsletter | Advertise
loading...

Above Asking Everywhere You Look: The 12 DC-Area Neighborhoods Where Buyers Are Paying a Premium

  • June 25th 2021

by UrbanTurf Staff

A Chevy Chase DC home that sold for above asking.

If you have been reading the pages of UrbanTurf this year, you are aware that homes are more often than not, selling for above asking price in our area. In DC alone, there are almost forty neighborhoods where the sales price to original list price ratio is above 100%. 

UrbanTurf looked around DC and the close-in Maryland and Virginia suburbs to find the 12 areas with the highest ratios so far in 2021. For inclusion on the list, neighborhoods had to have recorded at least ten sales this year.

Click to enlarge.

The neighborhoods at the top of the list have two things in common: they all have median home prices near $1 million or above and the housing supply is largely detached single-family homes. The latter characteristic is also a commonality for many more of the neighborhoods on the list. The other thing that the majority of the neighborhoods above have in common? There are very few homes for sale in any of them. 

Photo courtesy of HomeVisit.

This article originally published at https://dc.urbanturf.com/articles/blog/above-asking-everywhere-you-look-the-12-dc-area-neighborhoods-where-buyers-/18428.

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

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse