DC Area Home Sellers Saw Profits Rise 56% in 2021
DC-area home sellers largely saw big profits in 2021.
The year-end report from ATTOM Data Solutions released Thursday shows that DC-area sellers saw an average profit $140,000 in 2021 compared to $90,000 the year prior — a 56% year-over-year increase. For DC proper, seller gains grew at a much more marginal rate of 2.5%, from $166,751 in 2020 to $171,000 in 2021, however zip code data shows a much wider range of profit margins.
story continues below
loading...story continues above
Sellers in the 20008 zip code (Connecticut Avenue corridor north of Dupont Circle) saw the highest gains by dollar amount, with an average profit of $452,000. Meanwhile, sellers in Southwest's 20024 zip code saw the highest increase in profits citywide (70.3%), as profits rose from $104,500 to $178,000.
Examined by percentage, the 20008 zip code is tied with 20012 (Takoma, Colonial Village) with 70% average gains for sellers; in the latter zip code, the average profit was $330,000 in 2021.
DC homeowners who sold in the fourth quarter of 2021 had owned their homes anywhere from an average of 5.42 years in the 20032 zip code (Congress Heights) to 10.67 years in the 20036 zip code (Downtown).
Note: The report calculates seller gains as the difference between the median sold price for the quarter and the previous median sold price of those same units that sold; homeownership tenure is the average time between the most recent and previous sales dates for applicable units.
See other articles related to: attom data solutions, dc area market trends, dc home seller profits, dc housing market, dc housing prices, homeowner tenure, seller profit, tenure
This article originally published at https://dc.urbanturf.com/articles/blog/dc-area-home-sellers-saw-profits-rise-56-last-year/19202.
Most Popular... This Week • Last 30 Days • Ever
In this article, UrbanTurf will explain what special assessments are, how they work, ... read »
Nearly 1,400 residential units are on the boards around Union Market, about the same ... read »
Plans are moving forward at the site of a long-planned project in Ivy City, however w... read »
Up 8% year-over-year, it is the first time that prices have exceeded $800,000 for det... read »
If there was ever a place where the old adage “one man’s trash is another man’s... read »
- What Are Special Assessments in Condo Buildings and What Do They Cover?
- Hotels, A Public Park and The 1,400 Units In The Works For Union Market
- Douglas Development Pitches Large Warehouse For New City Site Along New York Avenue
- The Price For A House in The DC Area Hit A New High in April
- Tile, Furniture, Appliances & (Much) More -- The Local Warehouse Chock Full of Salvaged Home Goods
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