What's Hot: The 2,600 Units in Progress, and 500 Units on Hold, in Rosslyn | Do Three Months of Rising Home Sales Mean The Market is Turning a Corner?
Every Type of House in DC Will Likely Break This Record in 2021

A year ago, the median price for a single-family home in DC crossed the $1 million threshold for the first time. That was a sign of things to come.
2021 will likely go down as the year that prices for every type of house in DC broke a record. So far this year, the median home price for townhouses and detached single-family homes are well above their highest level on record.
story continues below
loading...story continues above

As the table above illustrates, house prices in DC for the first nine months of 2021 are well above the median prices for the same period for each of the previous nine years. Prices for townhouses in the city have risen 45% (when adjusted for inflation) since 2012; detached house prices have risen 35% during the same period.
The record prices are the result of a huge demand for houses since the pandemic began and a dwindling supply. Between 2012 and 2018, there was about a 2.5-3-month supply of houses on the market during the third quarter of the year, however in 2019, that supply dropped to two months. And then in 2020, it fell to about a month and only started increasing again in the last quarter.
UrbanTurf will revisit these stats in January to see if 2021 was in fact a record-breaking year.
See other articles related to: dc home prices, dc housing market, dc housing prices
This article originally published at https://dc.urbanturf.com/articles/blog/every-type-of-house-in-dc-will-likely-break-a-record-this-year/18850.
Most Popular... This Week • Last 30 Days • Ever

509 Lloyds Lane features 6,000 square feet of naturally lit space, six fireplaces, a ... read »

Clarion Partners, the owner of the Chevy Chase Pavilion, has filed modifications to i... read »

Where it's cheaper to build than buy; Elon Musk is not making Texas happy; and the wo... read »

New renderings show the public space that will be part of the huge new residential de... read »

Several large projects are in the works across the Potomac in Rosslyn while others ha... read »
- In a Highly Desirable Alexandria Location, This Newly Listed Six Bedroom Home is a Timeless Classic
- Plans Progress For a New Grocery Store at Friendship Heights Mall
- Friday's Must Reads
- New Renderings Show Retail Plaza, Park at 435-Unit Takoma Metro Development
- The 2,600 Units in Progress, and 500 Units on Hold, in Rosslyn
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