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From $50,000 to $17 Million: The DC Area Housing Market in 2023

  • January 19th 2024

by UrbanTurf Staff

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3900-aerial.jpg
The Swedish ambassadorial residence that sold for $17.3 million last year.

Last year's housing market was a bumpy one in the DC area. With 2023 in the rearview mirror, UrbanTurf breaks down a series of numbers that provide a picture of the market last year.

  • 48,950 -- The number of homes that sold in the DC region in 2023, down 21% from 2022. 
  • $570,000 -- The median home price in the DC region in 2023, the highest price on record. 
  • 51% -- The percentage of homes that sold in 10 days or less in the DC region. 
  • $17.3 million -- The sales price for the most expensive home sold in the region last year.
  • $50,000 -- The sales price for the least expensive home sold in DC last year.
  • 100% -- The average sales price to list price ratio for homes sold in the DC area.
  • 19% -- The percentage of homes that sold for all cash last year. 
  • $627,000 - The median home price in DC proper, slightly lower than 2022. 

Data above was provided by Bright MLS. Photo courtesy of VSI Aerial. 

This article originally published at https://dc.urbanturf.com/articles/blog/from_50000_to_17_million_the_dc_area_housing_market_in_2023/21877.

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