As Home Sales Drop, Prices Follow Suit in Hillcrest
With the spring housing market in full swing, UrbanTurf is taking its annual look at the neighborhood markets around the DC region. Today, we head over to Hillcrest.
The market in the Ward 7 neighborhood of Hillcrest has been strong like many other areas in DC over the last few years, but that appears to be changing in 2022. Both home prices and home sales have fallen notably in the neighborhood this year, as homes are spending more time on the market. These dynamics resulted in the inventory of homes for sale rising about 30% in April compared to last spring.
Below are some statistics that UrbanTurf compiled about the Hillcrest market.
story continues below
loading...story continues above
- $472,000 -- The median home price in 2022, down 15% compared to last year.
- 25 -- The number of homes sold so far in 2022, a 20% drop compared to same period in 2022.
- 25 -- The average number of days that homes are spending on the market in 2022, up 14% compared to last year.
- 1.13 -- The months of supply of homes for sale in April, up 30% compared to last April.
Similar Posts:
- The Fastest Moving Prices in DC: The Palisades Market, By the Numbers
- Almost Always Above Asking: The AU Park Housing Market, By the Numbers
- Heavy Competition: The Del Ray Housing Market, By the Numbers
- Still One of DC's Priciest: The Georgetown Market, By the Numbers
- Low Supply, Big Premiums: The Chevy Chase Housing Market, By the Numbers
See other articles related to: hillcrest, hillcrest home prices
This article originally published at https://dc.urbanturf.com/articles/blog/as-home-sales-drop-prices-follow-suit-in-hillcrest/19733.
Most Popular... This Week • Last 30 Days • Ever
DC continues to get close to meeting Mayor Muriel Bowser's goal of producing 36,000 n... read »
The National Park Service has given the green light for DC's 62 year-old stadium to b... read »
Plans for another residential project in downtown Bethesda are moving forward.... read »
On Wednesday, Airbnb launched the Icons Collection, approximately a dozen "one-of-a-k... read »
The application could be a sign that plans to redevelop a pair of former church prope... read »
- 34,000 And Counting: DC Is 96% of Way Towards Meeting 2025 Housing Production Goals
- RFK Stadium Cleared For Demolition
- Site Plan Filed For 68-Unit Condo and Townhouse Project in Downtown Bethesda
- Airbnb Unveils Icons, One-Of-A-Kind Listings For Free
- Raze Application Could Pave Way For 45-Unit Condo Development At Former Church Site in Shaw
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