DC’s Million-Dollar Neighborhoods
Earlier this month, UrbanTurf took a look at the five cheapest zip codes for DC homebuyers. Today, we look at the ten most expensive.
Home sales prices have averaged above $1 million in 12 neighborhoods so far in 2017. With an average sales price of just under $6 million, Massachusetts Avenue Heights is by far is the most expensive city housing market and, although there have only been nine sales this year, it is also the neighborhood that has seen the largest jump in prices, thanks to transactions like Morocco’s purchase of the Ourisman mansion and Commerce secretary nominee Wilbur Ross’ purchase of a $12 million, seven-bedroom house.
story continues below
loading...story continues above

As the table above indicates, some of the neighborhoods where home sales are averaging above $1 million this year weren’t necessarily selling at prices this high in 2016. All of the neighborhoods that are newer entrants into the million-dollar club are also places where homes are selling above asking price, further illustration of the impact of high demand and competition on prices.
A handful of neighborhoods — Capitol Hill, Chevy Chase and Kalorama — just barely missed cracking the million-dollar threshold. At an average sales price of $1,004,866, Colonial Village is the least-expensive of the million-dollar neighborhoods, having seen prices drop by 6.6 percent over the past year. Foxhall has higher average sales prices (at $1,053,010) than AU Park, but there have only been five homes sold in the neighborhood this year, too low a sample size to give an accurate representation of the market.
Photo courtesy of HomeVisit.
See other articles related to: million-dollar homes dc, luxury real estate dc, dc housing prices, dc home prices, dc home and condo prices
This article originally published at http://dc.urbanturf.com/articles/blog/dcs_million-dollar_neighborhoods1/12925
Most Popular... This Week • Last 30 Days • Ever

When Johnsie Walsh rented a unit in her Stanton Park apartment building, she had no i... read »

The draft environmental impact statement for the transportation project expected to g... read »

An analysis by UrbanTurf found that there were 15 neighborhoods in DC where the media... read »

The project is the first Rosslyn high-rise that will include affordable units.... read »

Tysons Corner also comes in tenth nationwide in number of apartments built since 2016... read »
- Obama, The Tenant: A Chat With The President's DC Landlord
- 300 MPH, 18 Million Riders: How the Maglev Might Impact Traffic and Transit in the DC Area
- DC Has Its Most Million-Dollar Neighborhoods on Record
- Arlington County Approves 740-Apartment Ames Center Site Redevelopment
- 2,562 New Units: Tysons Tops DC Suburbs in Apartments Built
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