DC Real Estate By The Numbers in 2015

by UrbanTurf Staff

DC Real Estate By The Numbers in 2015: Figure 1
Inside a LeDroit Park rowhouse that sold for $280,000 above asking in 2015.

UrbanTurf will be doing our usual year in review of all things interesting in the world of DC real estate in a couple weeks, and to whet your appetite for that, we did a deep dive into the city’s real estate statistics for the year.

2015 was not as hot a year for the city’s real estate market as last year, but it was pretty close. The city saw moderate price and sales increases across the board, and homes continued to sell quickly even as inventory struggled to get back to “healthy” levels.

See our segmented rundown below.


The median sales price for homes in DC rose about 4 percent this year, to $520,000 from $499,000. The average list price for a home increased 3 percent to $644,000 while the average sales price for a detached home inched up slightly to $953,269.

A closer look at property segments reveals that average condo prices increased about 3 percent from $475,000 to $490,000. Prices rose moderately across the board for other property types with two exceptions: detached homes with four bedrooms or more saw prices drop 3.8 percent and detached homes with two-bedrooms, a relatively small property segment, saw average prices pop 41 percent.

DC Real Estate By The Numbers in 2015: Figure 2
Click to enlarge

Days on Market

The average time that homes in the city spent on the market in 2015 was 37 days, the exact same as 2014. In contrast, 48 percent of the homes sold so far in 2015 did so in ten days or less.

Months of Supply

The inventory of homes for sale in the District was below two months for virtually all of 2015, rising only above the two-month level in September and October. 2014 experienced a similar scarcity of inventory, with just four months of supply above the two-month level.

Sales Volume

Total dollar volume of homes sold in DC in 2015 increased to $4.37 billion from $4.14 billion last year, a 5.7 percent increase. The total number of units sold rose two percent, from 6,688 listings to 6,825 listings.

A snapshot of neighborhood-level statistics:

  • The Neighborhood with the Highest Median Sales Price: Berkley, which runs along Foxhall Road in upper NW, where the median sales price for the year was $1.5 million.
  • The Neighborhood Where Homes Frequently Fetched Above List Price: LeDroit Park, where the average sales price to original list price ratio was 103 percent.
  • The Neighborhood Where Homes Are Selling the Fastest: In North Cleveland Park, homes sold, on median, in five days.
  • The Neighborhood With the Highest Price Per Square Foot: $793 in Georgetown

See other articles related to: dc housing inventory, dc home and condo prices

This article originally published at https://dc.urbanturf.com/articles/blog/dc_real_estate_by_the_numbers_in_2015/10650

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!

Northern Virginia

Profiles of 14 neighborhoods across Northern Virginia

Looking to Give People A Reason to Stay Past 6pm
Happily Straddling the Line Between City and Suburb
Columbia Pike
Arlington’s Neglected Stepchild is Getting a Makeover
Crystal City
Turning Lemons into Lemonade
Lyon Village
Developing An Air of Exclusivity?
Hitting Its Growth Spurt
An Urban Village Hitting Its Stride
Del Ray
Virginia’s Small Town Near the Big City
Eisenhower Avenue
The Vibrancy Might Take a Few Years
The Quiet Neighborhood By the Beltway
Old Town
Mayberry By The Potomac
132 Commerical-Free Acres
Downtown Falls Church
Staying the Same in the Midst of Change
Tysons Corner
Radical Change Could Be On The Way

See more Northern Virginia »


Profiles of 14 neighborhoods in suburban Maryland

Small-Town Living in the State Capital
Bedroom Community Gets Buzzing Cache
Cabin John
In With The New While Maintaining the Old
Chevy Chase
Affluence, Green Lawns and Pricey Homes
Downtown Silver Spring
Experiencing a Resurgence After a Bumpy History
A Suburb on Steroids
Rockville Town Square
Despite the Dynamism, Still Somewhat Generic
Takoma Park
More Than a Little Bit Quirky
A Foodie Magnet on the Verge of Change
Capitol Heights
Kudzu, Front Porches and Crime
Glass Half Full or Half Empty?
Mount Rainier
Artists, Affordable Homes and A Silo Full of Corn
National Harbor
A Development Rises Next to the Potomac
Riverdale Park
A Town Looking For Its Identity

See more Maryland »

Northwest DC

30+ neighborhood profiles for the city's biggest quadrant

16th Street Heights
DC's Sleeper Neighborhood
Where (Almost) Everyone Knows Your Name
AU Park
One of DC’s Last Frontiers Before the Suburbs
DC’s Northern Neighborhood on the Cusp
DC’s 535 House Neighborhood
Cathedral Heights
Do You Know Where That Is?
Chevy Chase DC
Not to Be Confused With the Other Chevy Chase
Cleveland Park
Coming Back After A Rough Year
Columbia Heights
DC’s Most Diverse Neighborhood, But For How Long?
An Island of Serenity East of the Park
Dupont Circle
The Best of DC (For a Price)
Foggy Bottom & West End
Where the Institutional Meets the International
Forest Hills
Ambassadors and Adventurous Architecture
Foxhall Village
350 Homes Just West of Georgetown
Friendship Heights
A Shopping Mecca With a Few Places to Live
History, Hoyas and H&M
Glover Park
One of DC’s Preppier and More Family-Friendly Neighborhoods
A Posh View From Embassy Row
LeDroit Park
A Quiet Enclave in the Middle of the City
Logan Circle
Trendy Now, But Not By Accident
Mount Pleasant
Sought-After Homes Surround Main Street in Transition
Mount Vernon Triangle
From Seedy to Sought-After
The Long, Skinny Neighborhood at the City’s Northwest Edge
Park View
It’s Not Petworth
Penn Quarter/Chinatown
DC’s Go-Go-Go Neighborhood
Getting a Vibrancy of Its Own
The Duke’s Former Stomping Ground
Shepherd Park
DC’s Garden of Diversity
Spring Valley
A Suburb With a DC Zip Code
Not To Be Confused With Takoma Park
Not Quite Like Its Neighbors
U Street Corridor
The Difference a Decade Makes
Woodley Park
Deceptively Residential
Adams Morgan
No Longer DC’s Hippest Neighborhood, But Still Loved by Residents

See more Northwest DC »

Southwest DC

The little quadrant that could

Southwest Waterfront
A Neighborhood Where A Change Is Gonna Come

See more Southwest DC »

Northeast DC

Profiles of 10 neighborhoods in NE

New Development Could Shake Up Pastoral Peace
A Little Bit of Country Just Inside the District’s Borders
Not to Be Confused With Bloomingdale
Fort Totten
Five Years Could Make a Big Difference
H Street
A Place To Party, and To Settle Down
The Northeast Neighborhood That Few Know About
Michigan Park
A Newsletter-On-Your-Doorstep Community
Evolving from a Brand to a Neighborhood
Ripe for Investment Right About Now
The Difference 5 Years Makes
Big Houses, A Dusty Commercial Strip and Potential

See more Northeast DC »

Southeast DC

6 neighborhoods from Capitol Hill to East of the River

Capitol Riverfront
Still Growing
Hill East
Capitol Hill’s Lesser Known Neighbor
Congress Heights
Gradually Rising
Notable for Its Neighborliness
Historic Anacostia
Future Promise Breeds Cautious Optimism
Eastern Market
A More European Way of Living

See more Southeast DC »