Today, UrbanTurf is taking a look at condo and co-op prices around DC.
While the median sales price for a condo and co-op has been fairly flat (up 1.5%) in the city this year ($520,000) compared to 2021, price appreciation varies pretty widely in neighborhoods around the city.
Of the just under 20 neighborhoods that UrbanTurf and Bright MLS looked at for this article, the U Street Corridor (+22%), Mount Pleasant (20%) and Navy Yard (16%) saw the highest price appreciation in 2022. Bloomingdale (13.6%), Capitol Hill (12.5%) and Mount Vernon Square (11.3%) were not too far behind.
The neighborhoods where condos/co-ops have sold quickest so far this year is a fairly similar list to the one above. In the U Street Corridor, Logan Circle and Mount Pleasant, this property type has been selling in a median of 8 days; in Capitol Hill, condos/co-ops are selling in a median of 9 days.
This article originally published at https://dc.urbanturf.com/articles/blog/from-congress-heights-to-columbia-heights-a-look-at-condo-prices/19979.
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