Home | Newsletter | Advertise

DC Has Its Most Million-Dollar Neighborhoods on Record

  • January 21st 2021

by UrbanTurf Staff

✉️ Want to forward this article? Click here.

A home that recently went under contract in Chevy Chase DC.

The record home prices set in DC last year resulted in there being more neighborhoods with seven-figure price tags in the city than ever before. 

An analysis by UrbanTurf found that there were 15 neighborhoods in DC where the median home price exceeded $1 million in 2020, the highest number on record for the city. 

For 2020, million-dollar mainstays Spring Valley and Berkley were at the top of the list, joined by Woodley Park where home prices rose 15%. Palisades and Burleith, which just missed the cut in 2019, joined the million-dollar club as prices skyrocketed by more than 20%. 

Click to enlarge.

Million-dollar home prices didn't mean things weren't competitive. The six most competitive housing markets in the city all made the list above: Colonial Village, Crestwood, AU Park, Chevy Chase, North Cleveland Park and Hawthorne. And there were only three neighborhoods where prices dropped year-over-year: Spring Valley, Georgetown and Berkley.

Photo courtesy of HomeVisit.

Similar Posts:

This article originally published at https://dc.urbanturf.com/articles/blog/dc-has-more-million-dollar-neighborhoods-than-ever/17785.

Pipeline: New Condos & Apartments Coming to the DC Area

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

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