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High Home Prices, Higher Demand on Capitol Hill

  • May 6, 2019

by UrbanTurf Staff

A home that sold earlier this year on Capitol Hill.

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 down to Capitol Hill. 

Increasing home prices haven't dampened homebuyer demand on the Hill, as they have in the rest of the region. As the selection of statistics below show, both prices and sales have risen by double-digit percentage points compared to the same period last year. But what is also rising is the supply of homes for sale, which means that buyers will have more options this spring. 

  • $869,500 -- The median home sales price on Capitol Hill in 2019, up 11 percent compared to last year. 
  • $1.527 million -- The average home price for an attached house with four or more bedrooms, up 17 percent compared to 2018. 
  • 1.61 -- The monthly supply of homes for sale in March, up 86 percent compared to last year. 
  • 10 -- The median number of days that homes spent on the market in March, down 58 percent compared to the same time last year. 
  • 118 -- The number of homes sold so far in 2019, up 17 percent compare to 2018. 
  • 99.9% -- The average sales price to original list price ratio for homes that sold in 2019. 

This article originally published at http://dc.urbanturf.com/articles/blog/capitol-hill/15354

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