What's Hot: Douglas Development Files PUD For Large Warehouse At New City Site Along New York Avenue
DC's Median House Price Rises Above $1 Million For First Time in October
✉️ Want to forward this article? Click here.
![](https://assets.urbanturf.com/dc/images/blog/2020/11/patterson.jpg)
DC home prices set two records in October.
The median home price came in at $675,000, a year-over-year increase of almost 17% and $15,000 higher than the previous record home price for the city, according to a new report out today from Bright MLS.
However, prices for single-family homes in the city went through the roof.
story continues below
loading...story continues above
![](https://assets.urbanturf.com/dc/images/blog/2020/11/October%20Single%20Family%20MSP%20DC%5B2%5D.png)
The median price for a single-family home crossed the $1 million threshold for the first time last month. Prices rose 24% year-over-year to a median of $1.1 million. It was a jump of more than $200,000 in just 12 months.
"Strengthened by low interest rates and a recovering local economy, the DC Metro area continued to see record-setting median sales prices, with gains particularly among higher-end homes," the October report stated.
Despite the rising prices, homes continued to fly off the market. Properties were selling in about a week or less in every local jurisdiction. Single-family homes in Alexandria were selling in just five days.
See other articles related to: dc area housing market, dc area market trends, dc home prices, dc housing market, dc housing prices
This article originally published at https://dc.urbanturf.com/articles/blog/dc-median-house-price-rises-above-1-million-for-first-time-in-october/17518.
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