Home | Newsletter | Advertise
loading...

DC's 14 Million-Dollar Neighborhoods

  • January 12th

by UrbanTurf Staff

1-web-or-mls-01. 4835 Glenbrook Rd NW.jpg
A home for sale in Spring Valley.

The number of neighborhoods in DC where the median home price hit or exceeded $1 million reached a record level in 2022. Last year, a few of those areas dropped off the list. 

An analysis by UrbanTurf with data from Bright MLS found that there were 14 neighborhoods in 2023 where the median home price exceeded $1 million, down from 18 neighborhoods in 2022. 

million-nabes.jpg
Click to enlarge

The three priciest neighborhoods in DC -- Berkley, Kent and Spring Valley -- are the sections of the city where home prices exceeded (or are quite close to) $2 million. Spring Valley saw prices jump nearly 20% last year, thanks in large part to bigger homes selling compared to 2022. 

Out of the 14 neighborhoods, there were six where the median home value fell, however that drop can be attributed to a higher volume of smaller homes selling in most of these areas compared to 2022. A few of the neighborhoods that barely missed the million-dollar list last year include Bloomingdale, West End and Capitol Hill. 

Curious how your neighborhood fared in terms of median home price last year? Shoot us an email at editor(at)urbanturf.com and we will let you know. 

Note — median price takes into account co-ops, condos, and single-family homes.

This article originally published at https://dc.urbanturf.com/articles/blog/dcs_14_million-dollar_neighborhoods/21856.

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