UrbanTurf is taking its annual look at the neighborhood housing markets around the DC region. Today, we head over to Congress Heights.
Overall, the market in the Ward 8 neighborhood of Congress Heights remained pretty flat between 2019 and 2020. Home sales, while still robust at 121 closings, were down about 6% compared to last year with home prices rising only about 1.5%. Homes are not selling at the premium they did last year, but the market remains strong with an average sales price to original list price ratio just below 100 percent.
Below UrbanTurf plucked out a few other interesting stats about the Congress Heights market.
- $335,000 -- The median home price in Congress Heights, up 1.5% compared to last year.
- 27 -- The number of all cash sales in Congress Heights in 2020, 22% of total sales.
- 9 -- The average number of days that homes are spending on the market in the neighborhood.
- 2.21 -- The monthly supply of homes on the market in September, down 24% year-over-year.
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This article originally published at https://dc.urbanturf.com/articles/blog/fairly-flat-the-congress-heights-housing-market-by-the-numbers/17449.
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