What's Hot: Douglas Development Files PUD For Large Warehouse At New City Site Along New York Avenue
Crystal City Home Prices Are Rising, But Don't Call It The Amazon Effect
✉️ Want to forward this article? Click here.
![Crystal City Home Prices Are Rising, But Don't Call It The Amazon Effect: Figure 1](https://assets.urbanturf.com/dc/images/blog/2018/10/cryscitydcalanding2-550.jpg)
With the heightened attention surrounding Amazon's impending selection for its second headquarters, the odds on favorite for many experts is Crystal City in Northern Virginia. Today, UrbanTurf takes a look at whether that speculation has resulted in speculation in the neighborhood housing market.
In 22202, the zip code which encompasses Crystal City and Pentagon City, there isn't much evidence that the area market is heating up.
story continues below
loading...story continues above
Median home prices rose 6 percent this year, increasing from $523,150 to $555,000, but that rise is on par with the rest of the region. In July, prices jumped to $793,000, a 10-year high for any month in the zip code, but that appears to be just an isolated spike.
While prices rose in 22202 this year, sales volume didn't follow suit. From January through September, 159 homes sold in the zip code, five fewer sales than during the same period last year. Only 28 of those transactions were all-cash, an indication of minimal investor activity.
While there hasn't been much of an uptick in the residential housing market in Crystal City, it does seem that those betting on Amazon landing in the neighborhood are instead investing in JBG Smith, which owns a lot of commercial property there.
See other articles related to: amazon, amazon hq2, amazon second headquarters, crystal city, dc area home prices, dc area market trends, home price watch, northern virginia
This article originally published at https://dc.urbanturf.com/articles/blog/crystal-city-home-prices-hit-10-year-high/14601.
Most Popular... This Week • Last 30 Days • Ever
![First-Timer Primer: Tax Relief for DC Homeowners](https://assets.urbanturf.com/dc/images/blog/2013/02/Homestead_Exemption_280.jpg)
When you buy a home in the District, you will have to pay property taxes along with y... read »
![A 127-Unit Luxury Condo Building In The Works For Downtown DC](https://assets.urbanturf.com/dc/images/blog/2024/07/resized/950%203rd%20Street%20Dusk%20EXT_image_560x420.jpg)
The largest condominium building in downtown DC in recent memory is currently under c... read »
![HPO Recommends Approval For 160-Unit Office-To-Residential Conversion in Dupont Circle](https://assets.urbanturf.com/dc/images/blog/2024/06/resized/1201-Conn_image_560x420.jpg)
The plan to convert a Dupont Circle office building into a residential development ap... read »
![Beautifully Constructed Condominium in The Bridge District is Now 50% Sold](https://assets.urbanturf.com/dc/images/blog/2024/07/Riviere%20article/resized/2305%20Nicholson%20St%20SE%20405-0003_image_560x420.jpg)
The Rivière includes just 20 homes located on the eastern banks of the Anacostia Riv... read »
![Monday's Must Reads](https://assets.urbanturf.com/dc/images/blog/2024/07/resized/bubble_image_560x420.jpg)
Why Tyra Banks is serving ice cream in DC; a bike shop/record store opens in Adams Mo... read »
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