DC Has Its Most Million-Dollar Neighborhoods on Record

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%.
story continues below
loading...story continues above

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:
- $2 Million and Up: Luxury Home Sales in DC Rise 24% in 2020
- $18 Million: DC's Priciest Condo Ever Hits the Market in Georgetown
- What Will Interest Rates Do in 2021?
See other articles related to: million-dollar homes dc, luxury real estate dc, dc housing prices, dc housing market, dc home prices
This article originally published at http://dc.urbanturf.com/articles/blog/dc-has-more-million-dollar-neighborhoods-than-ever/17785
Most Popular... This Week • Last 30 Days • Ever

This week’s Best New Listings include a mid-century modern home in Kensington, a bu... read »

UrbanTurf is re-running its primer on property taxes which outlines a few things that... read »
UrbanTurf has compiled virtual looks at large new developments around the DC region.... read »

The 11th Street Bridge Park project is progressing through the approval process.... read »

Another 30-day public comment period is currently underway.... 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. Visit guides.urbanturf.com or 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