Home | Newsletter | Advertise
loading...

Home Price Watch: Stable Inventory and Rising Prices in 20016

  • October 7th 2013

by Shilpi Paul

✉️ Want to forward this article? Click here.

Home Price Watch: Stable Inventory and Rising Prices in 20016: Figure 1
A home currently on the market in 20016.

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 20016, the zip code roughly bordered by the District’s western boundary, Reno Road and 34th Street NW, Garfield Street NW and the Potomac River. It’s home to neighborhoods including Cathedral Heights, Palisades, Spring Valley and Tenleytown.

This zip code encompasses a relatively large swath of NW DC, and a few different trends emerge. The market for detached homes and townhouses has been strong for years, with high prices and quick sales. The condos, however, are a different story. Last year, we noted that condos prices had barely risen in a decade, and stayed on the market for a relatively high median of 63 days in 2012.

Home Price Watch: Stable Inventory and Rising Prices in 20016: Figure 2

This year, the popularity of the townhouses and detached homes has continued, with prices climbing in both categories. Detached homes now sell for a median of $1,117,500, overtaking the high prices of 2007.

Condos also gained a bit of traction this year. Prices rose slightly, though not quite meeting 2007 heights, and the median number of days on the market dropped significantly, from 63 last year to 22 so far in 2013.

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

See other articles related to: cathedral heights, dclofts, home price watch, palisades, tenleytown

This article originally published at https://dc.urbanturf.com/articles/blog/home_price_watch_stable_inventory_and_rising_prices_in_20016/7659.

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

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