loading...

Home Price Watch: Up and Down in Hillcrest

by Tianna Mañón

Home Price Watch: Up and Down in Hillcrest: Figure 1
A home on the market in Hillcrest.

In this week’s Home Price Watch, UrbanTurf heads to the Ward 7 neighborhood of Hillcrest.

The price trajectory of homes in Hillcrest really depends on property type and size. While the median sales price for homes in the neighborhood has dropped 13.7 percent this year, the average price of a detached home increased 10 percent. A closer look at the detached home segment shows that prices for four-bedroom homes have jumped 25 percent, as two-bedroom prices have plummeted 47 percent.

Home Price Watch: Up and Down in Hillcrest: Figure 2
Click to enlarge.

Homes on the market in Hillcrest are sitting on the market about a week, or 17 percent, longer than last year, but four more homes have sold in 2015 compared to 2014.

Other interesting points from the Hillcrest neighborhood data:

  • Cash transactions make up 33 percent of home sales in the neighborhood this year, suggesting a good deal of investor activity.
  • 19 homes sold in the first 10 days on the market. In contrast, 19 other homes were on the market for over two months.

UrbanTurf used data on the legal Hillcrest subdivision from real estate data firm RealEstate Business Intelligence for this article.

Similar Posts:

See other articles related to: home price watch, hillcrest

This article originally published at https://dc.urbanturf.com/articles/blog/home_price_watch_up_and_down_in_hillcrest/10508

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!