Home | Newsletter | Advertise
loading...

Home Price Watch: A 28 Percent Increase in Woodridge and Langdon

  • September 30, 2013

by Shilpi Paul

Home Price Watch: A 28 Percent Increase in Woodridge and Langdon: Figure 1
A home currently on the market in 20018.

In Home Price Watch, UrbanTurf analyzes the housing markets in various zip codes around the DC area using numbers provided by RealEstate Business Intelligence (RBI).

This week, we examine 20018, the zip code roughly bordered by the District’s eastern boundary, New York Avenue NE, and a meandering western border that follows the railroad tracks, Franklin Street NE and 16th Street NE. It’s home to portions of Woodridge, Langdon and Brentwood.

20018 is dominated by detached homes, as we noted last year, and the well-sized suburban-feeling abodes have been increasingly sought after by young families in a city where home prices only seem to get more out of reach. As an area full of family homes, we wondered last year if the relatively high median days-on-market (47) was due to low turnover.

Home Price Watch: A 28 Percent Increase in Woodridge and Langdon: Figure 2

The median sale price has risen substantially in the zip code since last year, from $324,900 to $415,000, a 28 percent increase and approaching 2007’s inflation-adjusted price of $451,134. Properties also came off the market much faster; detached homes found buyers in a median of 18 days, and townhouses went under contract in a median of 24 days. Townhouse and condo prices have also risen slightly since 2012, though they are not yet close to 2007 levels.

For a look at home prices in other zip codes around the region, see below.

Similar Posts:

See other articles related to: woodridge, langdon, home price watch, dclofts, brentwood, 20018

This article originally published at http://dc.urbanturf.com/articles/blog/home_price_watch_family_homes_climbing_in_price_in_woodridge_and_langdon/7627

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. Visit guides.urbanturf.com or start browsing below!

First-Timer Primers

Intro guides for first-time home buyers

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse