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A Balanced Year: The Shaw Housing Market, By the Numbers

by UrbanTurf Staff

A home on the market in Shaw

With the fall housing market in full swing, UrbanTurf is taking a look at the neighborhood markets around the DC region. Today, we head over to Shaw. 

Shaw is a neighborhood where the for-sale housing stock breaks down fairly evenly between condos and townhomes, which is represented in 2019 sales where 41 percent of transactions were condo sales. Median home prices were up a bit overall in the neighborhood, with three-bedroom townhome prices popping the most. Overall, Shaw has a more balanced market than other inventory-starved DC neighborhoods, which means that buyers have a little more choice and leverage. Below are some statistics about the Shaw market. 

  • $799,555 -- The median home sales price in Shaw in 2019, up 3.5% from last year.
  • $1.351 million -- The average home price for a townhome with three bedrooms, up 13.5% from last year.
  • 54% -- The percentage of homes that sold within ten days of being listed in 2019.
  • 2.5 months -- The supply of homes on the market in March. 
  • 32 -- The number of condos sold in the neighborhood this year, 41% of total sales. 

See other articles related to: shaw housing market, shaw condos, shaw

This article originally published at http://dc.urbanturf.com/articles/blog/fair-and-balanced-the-shaw-housing-market-by-the-numbers/15931

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