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High Prices, Higher Competition: The Capitol Hill Housing Market, By the Numbers

  • March 28th

by UrbanTurf Staff

Homes on Capitol Hill.

With the spring housing market just getting started, UrbanTurf is taking its annual look at the neighborhood markets around the DC region. Today, we head to Capitol Hill. 

The Capitol Hill housing market is a good microcosm of what is going on in the larger regional market. So far in 2022, home prices are up across the board in the neighborhood while inventory is down significantly and home sales are following suit. Below, we picked out some statistics for the neighborhood that are illustrative of what is happening. 

  • $1.03 million -- The median home price on Capitol Hill so far in 2022, up 17 percent compared to last year. 
  • $1.652 million -- The average home price for an attached house with 4+ bedrooms, up 8 percent compared to 2021. 
  • 0.66 -- The monthly supply of homes for sale in February, down 54 percent compared to last February. 
  • 71 -- The number of homes sold so far in 2022, down 14 percent compared to last year.
  • 60% -- The percentage of homes that sold in ten days or less.

This article originally published at https://dc.urbanturf.com/articles/blog/high-prices-higher-competition-the-capitol-hill-housing-market-by-the-numbe/19441.

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