Home | Newsletter | Advertise
loading...

From 57,266 Sales to $34.6 Billion: The DC Area Housing Market in 2020

  • January 12th 2021

by UrbanTurf Staff

✉️ Want to forward this article? Click here.

A home for sale in DC's Kent neighborhood. 

A new report out today from Bright MLS takes a look back at the DC-area housing market last year, perhaps the strongest market on record for the region. 

With 2020 in the rearview mirror, UrbanTurf breaks down a series of numbers that provide a picture of the market last year.

  • 52,766 -- The number of homes that sold in the DC region in 2020, up 3.3% from 2019.
  • $500,000 -- The median home price in the DC region in 2020, the highest price on record. 
  • $34.6 billion --  The total sales volume in the area, up 12% from 2019. 
  • 1.3-1.4 -- The average months of available housing supply in 2020, the lowest average in years.
  • $45 million -- The sales price for the most expensive home sold in the region last year.
  • $71,000 -- The sales price for the least expensive home sold in DC last year.
  • 48% -- The percentage of homes that sold in 10 days or less in DC. 
  • 19% -- The percentage of homes that sold for more than $1 million in DC. 
  • $740 -- The median price per square foot in West End. 

Photo courtesy of HomeVisit.

This article originally published at https://dc.urbanturf.com/articles/blog/from-57266-sales-to-346-billion-the-dc-area-housing-market-in-2020/17733.

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