What's Hot: More Down Than Up: A Look at Detached Home Prices Around DC | Inside Bradley Beal's $10 Million Bethesda Home
Home Price Watch: The Buzz Along the Southwest Waterfront

In honor of DC hosting the MLB All-Star game at Nationals Park today, this installment of Home Price Watch focuses on the 20024 zip code, which largely encompasses the portion of Southwest DC that is west of the Anacostia River, a condominium-rich neighborhood that is one of the least expensive in the city.
While 20024 doesn't include Nats Park, development is booming in the zip code immediately surrounding the baseball stadium and along the waterfront, which includes the first phase of The Wharf redevelopment as well as Buzzard Point, home to DC's new soccer stadium.
story continues below
loading...story continues above
While known as a zip code that offers relatively affordable housing, the first phase of The Wharf has added more luxury stock to the area, with ten condo units selling this year for over $1 million (one of which went for more than $2.5 million). Outside of this development, the majority of the housing stock in 20024 consists of older condo and co-op units, keeping purchasing in the neighborhood somewhat affordable (although monthly fees can tend to be high). The year-to-date median home price has actually gone down 5 percent compared to last year, sitting at $375,000 compared to $395,000 last June.

Prices aren't the only thing that dropped this year. Sales volume has also fallen off, with 103 homes selling in the first half of 2018 compared to 122 in the first half of 2017; 93 percent of those units were condos or co-ops.
Note: SmartCharts, from which this data is culled, does not isolate data for the Navy Yard or Near Southeast subdivisions.
See other articles related to: 20024, buzzard point, home price watch, southwest
This article originally published at https://dc.urbanturf.com/articles/blog/home-price-watch-fewer-homes-sell-in-buzzard-point-despite-development/14226.
Most Popular... This Week • Last 30 Days • Ever

Even though flipping is not as prevalent in the city as it used to be, there are sti... read »

The change would allow for an 80-acre portion of DC's 272-acre Armed Forces Retiremen... read »

The Capitol Hill home has been listed for sale that has a number of serious security ... read »

The listing will hit the market on Wednesday, according to the Washington Business Jo... read »

Today, UrbanTurf looks at what we think will be the metrics that will determine the d... read »
- Home Flipping Drops in DC, But Three Zip Codes Are Still Seeing Profits
- 3,000 Units, 20 Acres of Open Space: Zoning Change Looks to Pave Way For DC's Biggest Development
- A Secret Room, A Safe Room and Quite a Security System on Capitol Hill
- Inside Bradley Beal's $10 Million Bethesda Home
- Listings, Rates, Prices: The 3 Most Important Charts For the Fall Housing Market
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
Unique Spaces
Awesome and unusual real estate from across the DC Metro