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From 62,000 Sales to $11 Million: The DC Area Housing Market in 2022

  • January 17th 2023

by UrbanTurf Staff

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A home that sold on Capitol Hill last year.

Last year's housing market in the DC area started out one trajectory and ended on another. With 2022 in the rearview mirror, UrbanTurf breaks down a series of numbers that provide a picture of the market last year.

  • 62,356 -- The number of homes that sold in the DC region in 2022, down 22% from 2021. 
  • $556,000 -- The median home price in the DC region in 2022, the highest price on record. 
  • 58% -- The percentage of homes that sold in 10 days or less in the DC region. 
  • $11 million -- The sales price for the most expensive home sold in the region last year.
  • 100.6% -- The average sales price to list price ratio for homes sold in the DC area.
  • $42,000 -- The sales price for the least expensive home sold in DC last year.
  • $655,000 - The median home price in DC proper, slightly lower than 2021. 
  • 24% -- The percentage of homes that sold for more than $1 million in DC. 

Data above was provided by Bright MLS. Photo courtesy HomeVisit.

See other articles related to: dc area housing market, dc housing market

This article originally published at https://dc.urbanturf.com/articles/blog/from_62000_sales_to_11_million__the_dc_area_housing_market_in_2022/20505.

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